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8/15, 1:23 PM (Source: TeleTrader)
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Binance given approval for operations in Kazakhstan

Binance announced on Monday it has obtained in-principle approval from Kazakhstan's Astana Financial Services Authority (AFSA) to operate in that country with the help of the Astana International Financial Centre (AIFC).

"Kazakhstan has shown itself to be a pioneer in Central Asia crypto adoption and regulation," Binance founder and Chief Executive Officer (CEO) Changpeng Zhao commented. "This further signifies Binance's commitment to being a compliance-first exchange and providing products and services in a safe and well regulated environment across the globe."

The company added it will still have to complete the full application process, expected in "due course," after which it will be able to provide services as a digital asset trading facility and provider of custody operator.

Baha Breaking News (BBN) / JR