Key Points

  • Binance Kazakhstan has become the first digital asset platform to receive a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). Binance Kazakhstan can now operate a trading facility, act as a broker and market maker, and provide digital asset custody services.

  • Obtaining a DATF license is a rigorous, multi-stage review process that includes external financial audits, ISO certification, and compliance requirements across multiple regulatory frameworks.

  • This regulatory milestone not only highlights Kazakhstan’s forward-thinking approach to financial innovation, but also reflects Binance’s commitment to operating with the highest standards of trust and security.

Binance Kazakhstan recently announced that it has received official regulatory approval from the Astana Financial Services Authority (AFSA), and we are now pleased to share that Binance Kazakhstan has become the first digital asset platform to receive a Full Digital Asset Trading Facility (DATF) license from the regulator. This license authorizes Binance Kazakhstan to operate a digital asset trading facility, act as a broker and market maker, and provide digital asset custody services.

A first for both Binance and Kazakhstan

Kazakhstan is the first country in Central Asia where Binance has received a regulatory license, which not only demonstrates the country’s forward-looking approach to financial innovation, but also reflects Binance’s commitment to operating with the highest standards of trust and security in compliance with all applicable local regulations.

Binance regional market head Vishal Sacheendran praised Kazakhstan as an important hub for innovation and growth in the region. He said the country’s “forward-looking regulatory framework and commitment to creating a safe and compliant environment” make it an ideal place to advance digital asset trading.

For Binance Kazakhstan, obtaining a full DATF license meant undergoing a rigorous comprehensive review that included an external financial audit, ISO certification, and multiple internal and external audits to ensure full compliance with all applicable regulatory requirements.

Strive to achieve the highest standards

During a multi-stage review, the regulator evaluated Binance Kazakhstan against the criteria set out in the AIFC’s dedicated regulations and rulebooks on digital asset activities, the Code of Business Conduct and other relevant regulations. Obtaining the regulator’s formal approval demonstrates that Binance Kazakhstan has strong systems, controls and cybersecurity protocols to provide a secure and compliant digital asset trading platform.

Vishal Sacheendran commented: “With the full DATF license, Binance Kazakhstan not only strengthens its commitment to regulatory compliance, but also contributes to the overall development of the cryptocurrency ecosystem in Central Asia. We are extremely excited about the opportunities this brings and look forward to further promoting innovation and adoption in Kazakhstan and the surrounding region.”

Binance Kazakhstan has received the first full DATF license from the Astana Financial Services Authority, marking an important milestone for both Binance and Central Asia. This achievement highlights Kazakhstan's progressive attitude in the field of financial innovation and Binance's firm commitment to regulatory compliance and security. Binance Kazakhstan is able to promote digital asset trading in a safe and compliant manner, contributing to the overall development of Kazakhstan's cryptocurrency ecosystem.

Further reading