Binance is set to become the first fully regulated cryptocurrency exchange in Kazakhstan
As of September 6, #Binance Kazakhstan has received "official approval" for a full license from the Astana Financial Services Authority (AFSA) and is close to full compliance.
Binance's local branch has met all licensing requirements, including passing a thorough financial audit, obtaining ISO certification for its IT infrastructure and passing various regulatory inspections. This license allows Binance Kazakhstan to operate a virtual currency exchange. This achievement contrasts with the experience of #Coinbase , which was blocked in Kazakhstan in December 2023 for violating the local law on digital assets. While Binance is moving forward, other Kazakh exchanges such as CaspianEx and Bybit have only received preliminary authorization.
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