-Binance Kazakhstan Receives Formal Consent for Regulatory License -
Binance Kazakhstan received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a major step toward becoming Kazakhstan’s first fully regulated Digital Asset Trading Facility (DATF). The approval followed rigorous evaluations, including financial audits and ISO certifications. Once licensed, Binance will manage virtual assets, offer custody services, and conduct principal investments.
Binance Kazakhstan Receives AFSA Consent for Regulatory License
Cryptocurrency exchange Binance announced on Friday that Binance Kazakhstan “has received formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license, marking a significant milestone in its journey to become the first fully regulated Digital Asset Trading Facility (DATF) in the country.”
Richard Teng, Binance’s CEO, expressed his enthusiasm on X on Friday, writing:
Thrilled to share that Binance Kazakhstan has received formal consent by AFSA for a full regulatory license!
“We look forward to maintaining the highest standards of trust, security & regulatory compliance in the region,” Teng added.
The approval process involved passing rigorous evaluations such as external financial audits, ISO certifications, and various internal and external audits, all aimed at ensuring compliance with Kazakhstan’s high regulatory standards, Binance explained.
The AFSA, which operates within the Astana International Financial Centre (AIFC), conducted a thorough assessment to ensure regulatory compliance. Once granted, the license will allow Binance Kazakhstan to manage virtual assets, conduct principal investment dealings, and offer custody services.
