Binance gets nod to operate in Kazakhstan
Binance has obtained a “permanent license” to operate a digital asset platform and provide custody services at Kazakhstan’s Astana International Financial Center, the world’s largest cryptocurrency exchange announced in a blog post on Thursday.
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Fast facts
- The license gives Binance the status of a regulated platform in the Central Asian nation and authorizes it to offer digital asset trading services, deposit and withdrawal of fiat currencies and custody.
- The license comes after Binance received in-principal approval in August.
- “We are proud that Binance has taken yet another step on the path of being a compliance-focused exchange,” Gleb Kostarev, Binance’s Asia regional head, said in the blog post.
- Last week, Binance launched a local branch in New Zealand after becoming a registered financial service provider.
- Binance recently received regulatory approval to offer crypto-related services in France, Italy, Spain, Dubai, Abu Dhabi and Bahrain.
See related article: Binance taps ex-U.S. senator Max Baucus to chair global advisory board
