The exchange had previously received preliminary approval to operate in the country.
Cryptocurrency exchange Binance has obtained a license to operate in Kazakhstan, according to a press release Thursday.
Astana Financial Services Authority (AFSA) license allows Binance to obtain a regulated platform status that allows it to act as a provider of digital assets and custody services in the Astana International Financial Center.
Astana International Financial Center is a regional platform focused on developing services related to digital assets. In August, the exchange received preliminary approval from the Astana Financial Services Authority.
The exchange is working with Kazakhstan to help develop rules for Kazakhstani cryptocurrency companies looking to revitalize the digital asset industry.
May, Binance said it would help countries develop regulations for digital assets. At the same time, the exchange stepped up its compliance team and received approval and provisional approval from other countries and jurisdictions, including France, Dubai and Spain, after drawing the ire of regulators in countries such as the UK, Japan and Uzbekistan. Israel in the past year and this year.
Binance Asia director Gleb Kostarev said in a press release.
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