Binance Kazakhstan Secures Consent for Full Regulatory License from AFSA

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.Key Highlights:Regulatory Approval: Binance Kazakhstan has successfully passed a comprehensive, multi-stage review process, including external financial audits, ISO certifications, and both internal and external audits.Regulatory Oversight: The AFSA, which governs financial and non-financial services within the Astana International Financial Centre (AIFC), conducted a thorough evaluation to ensure compliance with the highest regulatory standards.Next Steps: Once the full license is granted, Binance Kazakhstan will be authorized to operate a virtual assets trading facility, engage in principal investment dealings, and offer custody services for virtual assets.Binance’s Head of Regional Markets, Vishal Sacheendran, expressed excitement about the pre-approval, emphasizing Binance's commitment to compliance, security, and operational excellence. With this full license, Binance Kazakhstan aims to enhance its offerings and significantly contribute to the growth and development of the local digital asset ecosystem.