đą Here's what you need to know! đ
Binance Kazakhstan has made history by becoming the first digital asset platform in Central Asia to secure a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). This license allows Binance Kazakhstan to operate a trading facility, act as a broker-dealer, and provide custody services, making it a key player in the regionâs digital asset market.
đĄ Key Milestones:
License Secured: Binance Kazakhstan successfully obtained the DATF license after a multi-stage review process, which included external financial audits, ISO certifications, and stringent compliance checks.
First in Central Asia: This is the first full regulatory license of its kind in Central Asia, positioning Kazakhstan as a leader in financial innovation.
đ Compliance & Regulation:
The license was granted following a comprehensive review by AFSA, which assessed Binance Kazakhstanâs systems against a range of standards, including the AIFC Digital Asset Activities Rules and AML laws. This underscores Binanceâs commitment to creating a secure and compliant trading environment.
đ Commitment to Innovation:
Vishal Sacheendran, Head of Regional Markets at Binance, emphasized the significance of this achievement, stating that Kazakhstanâs forward-thinking regulatory framework makes it an ideal hub for digital asset trading and financial innovation.
đ„ Whatâs Next?:
With this license, Binance Kazakhstan is poised to drive regional innovation and growth in the crypto ecosystem, offering secure and transparent digital asset services.
