Binance Secures Regulatory License in Kazakhstan for Crypto Trading

Binance Kazakhstan has secured a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority. This approval allows the crypto exchange to operate as a trading platform, broker-dealer, and digital asset custodian. Kazakhstan becomes the first Central Asian country where Binance has regulatory approval, positioning it as a key fintech hub.

Binance Kazakhstan Secures Full Digital Asset Trading License

Crypto exchange Binance announced on Sept. 30 that Binance Kazakhstan has secured a full crypto trading facility license from the country’s financial regulator.

“Binance Kazakhstan has become the first digital-asset platform to obtain a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA),” Binance stated, elaborating:

The license authorizes Binance Kazakhstan to operate a digital assets trading facility, act as a broker-dealer, and provide custody services for digital assets.

The exchange noted that Kazakhstan is now the first country in Central Asia where Binance has received full regulatory approval, reflecting the country’s innovative approach to financial technology. The license followed a detailed review process, including financial audits and ISO certifications. This regulatory achievement is seen as a milestone for both Binance and the Central Asian region. The rigorous review confirmed Binance’s adherence to standards like the AIFC Digital Asset Activities and AML laws.

According to Vishal Sacheendran, Binance’s Head of Regional Markets, Kazakhstan’s “forward-thinking regulatory framework” establishes the nation as a key hub for growth. Vishal Sacheendran expressed excitement, noting that the DATF license would help drive innovation and adoption of digital assets in Central Asia. “Binance Kazakhstan is not only reinforcing its dedication to regulatory compliance but also contributing to the broader development of the crypto ecosystem in Central Asia.”

The crypto exchange added: “For Binance Kazakhstan, obtaining the full DATF license meant undergoing a rigorous and comprehensive review, including an External Financial Audit, ISO certifications, and multiple internal and external audits to ensure full compliance with all applicable regulatory requirements.”

How do you think Binance Kazakhstan’s full DATF license will impact the digital asset market in Central Asia? Let us know in the comments section below. #Write2Earn