The world’s largest cryptocurrency exchange – Binance has received in-principle approval from the regulatory authorities in Kazakhstan to operate its services.
According to an announcement on August 15, the Astana Financial Services Authority (AFSA) has given preliminary consent to operate the Depository Offering and Digital Asset Trading Facility at the Astana International Financial Center. (AIFC).
AFSA is the first regulator in Kazakhstan to grant in-principle approval to an exchange, which is Binance. However, this process still requires Binance to complete the entire registration process in a timely manner.
After securing the above stages, the trading giant can offer its services as the operator of the Digital Asset Exchange Facility and a custody provider in the Financial Center. Astana International Administration.
The approval follows a series of regulatory agreements for crypto trading across Europe and the Middle East. In July, Binance’s Spanish branch was authorized to operate as a crypto service provider in the country. Approval has been awaited since late January and follows licenses registered in Europe including France and Italy. The exchange also recently received licenses to operate in Bahrain and Dubai.
As can be seen, Binance is one of the top friendly exchanges with regulatory authorities in many regions of the world. This probably also creates certain advantages for this platform when implementing development strategies as well as potential partnerships.
Binance has cooperated with many famous stars in many fields to promote its brand. Not far from that is the deal “shaking hands” with football superstar Cristiano Ronaldo to issue an exclusive NFT or choosing hot tiktoker Khaby Lame as an ambassador for Binance.