Binance Launches Regulated Digital Asset Platform in Kazakhstan

[Sophie Robert]

Binance, renowned globally for its comprehensive blockchain ecosystem and cryptocurrency services, has unveiled its latest venture – a dedicated digital asset platform in Kazakhstan. This significant development comes after Binance was granted a license by the AIFC Financial Services Authority (AFSA) in October of the previous year.

Binance Scores New Expansion Amid Multiple Withdrawals
The acquisition of the permanent license also elevates Binance to the status of a regulated platform within Kazakhstan, underscoring its strong adherence to compliance and security protocols.

• The exchange will also continue to engage with local regulators to actively advance the adoption of crypto in the country, as well as to develop a robust regulatory framework for digital assets.
• It’s worth noting that Binance obtained its license in Kazakhstan back in October 2022.

Freedom Finance Bank Supports Binance
Freedom Finance Bank in Kazakhstan has created a service for the new exchange’s users, enabling them to transfer fiat funds to their platform account.

Binance keeps moving on with its aim of global expansion despite experiencing regulatory obstacles in several regions. Recently leaving Cyprus and the Netherlands, the business is now negotiating a challenging issue with the SEC. Additionally, it recently had its registration in the UK cancelled. Despite these hurdles, Binance's recent entry into Kazakhstan marks a significant step in its expansion goals and exemplifies the company's tenacity and dedication to broadening its reach internationally.

Official Statement by Binance - https://twitter.com/binance/status/1671498187322925056

Do you think Binance with these launches will help crypto adoption in Central Asia?