Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA), becoming the first digital-asset platform in Kazakhstan authorized to operate a trading facility, act as a broker-dealer, and provide custody services.
This achievement follows a rigorous multi-stage review process, including external financial audits, ISO certifications, and compliance checks against multiple regulatory frameworks.
The milestone underscores Kazakhstan's forward-thinking approach to financial innovation and Binance's commitment to adhering to the highest standards of trust and security.
The First of Its Kind in Central Asia
Kazakhstan is now the first Central Asian country where Binance has obtained a full regulatory license, demonstrating its commitment to financial innovation and regulation. Vishal Sacheendran, Head of Regional Markets at Binance, praised Kazakhstan as a hub for innovation, stating that the country’s progressive regulatory framework makes it an ideal location for advancing digital-asset trading.
Securing the full DATF license required Binance Kazakhstan to undergo a comprehensive review process, which included meeting all regulatory requirements through external financial audits, ISO certifications, and multiple internal and external audits.
Compliance and Regulatory Adherence
The multi-stage review by AFSA assessed Binance Kazakhstan's systems against various standards, including the AIFC Digital Asset Activities, Conduct of Business Rules, and AML laws. The approval demonstrates Binance's robust systems, controls, and cybersecurity protocols, which aim to deliver a secure and compliant trading environment.
Commitment to Regional Growth
Vishal Sacheendran highlighted that obtaining the full DATF license not only underscores Binance Kazakhstan's dedication to regulatory compliance but also signifies a contribution to the broader growth of the crypto ecosystem in Central Asia. Binance Kazakhstan is well-positioned to drive regional innovation and adoption, offering a compliant and secure digital-asset trading environment.
This milestone reflects Kazakhstan's openness to financial innovation and Binance’s continued efforts to comply with local regulations and provide users with a secure, transparent trading platform.