Binance, the world’s largest cryptocurrency exchange, signed a “consensus document” with the Financial Monitoring Agency of the Republic of Kazakhstan.
According to Binance’s statement on October 3, the exchange signed a memorandum of understanding with the Financial Monitoring Agency of the Republic of Kazakhstan. In the statement, the main purpose of the agreement was to obtain detection and blocking of virtual assets was stated.
The Presidents of the Financial Monitoring Agency of the Republic of Kazakhstan and Binance officials attended the meeting where the agreement was made.
Tigran Ghambaryan, the authorized name of the compliance team that attended the meeting by Binance, made the following statements in his statements:
Binance has the most robust programs in the industry for anti-money laundering (AML) and global discovery fraud detection.
In addition, Ghambaryan made a statement to the Financial Monitoring Agency of the Republic of Kazakhstan. He thanked.
It was stated that the agreement was made as part of the training program for representatives of regulatory agencies around the world. Binance previously used this training program, In France, Germany, Italy, UK, Norway, Canada, Brazil, Paraguay and Israel performed.
Last month, Binance announced that it had received pre-approval from the Astana Financial Services Authority (AFSA) in Kazakhstan.