We are pleased to announce that Binance Kazakhstan, the Kazakhstani subsidiary of Binance, the leading blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, has received formal approval from the Financial Services Regulatory Authority (AFSA) for a full regulatory license. With this approval, Binance Kazakhstan will become the first Digital Asset Trading Facility (DATF) to be fully regulated. This important milestone demonstrates Binance Kazakhstan’s compliance with Kazakhstan’s regulatory regime and underlines the company’s commitment to operating within the highest standards of trust and security.

Binance Kazakhstan has undergone an extensive audit process, including an external financial audit and ISO certifications for information security and privacy management. In addition, a number of internal audits and external inspections have been conducted to ensure full compliance with all regulatory requirements. These licenses will allow Binance Kazakhstan to operate a platform for trading and exchanging digital assets, as well as offer brokerage and custodian services for storing digital assets.

Having undergone a rigorous regulatory assessment by AFSA Fintech Lab, all stages of testing of the Binance Kazakhstan local platform were successfully completed. The regulatory assessment was conducted in accordance with the AIFC Rules of Business and the Rules for Operators of Digital Asset Platforms and many other applicable regulations. This achievement demonstrates the regulator’s confidence in Binance Kazakhstan’s systems, controls, and cybersecurity protocols.

“We are very pleased to receive formal preliminary approval for a full license from the regulator,” said Vishal Sachindran, Head of Regional Markets at Binance. “This achievement reflects our commitment to maintaining high standards of compliance, security, and operational efficiency. We look forward to receiving a full license to provide a broader range of services to our users in Kazakhstan. We are also committed to investing in the development of the Kazakh digital asset market, taking into account the best practices of local regulators in the region.”