Binance Gets In-Principal Approval to Operate in Kazakhstan #TOGRP7
Binance continues with its regulatory expansion by receiving approval to operate in Kazahkstan. The world’s largest crypto exchange has tapped another regulatory nod, this time from the Astana Financial Services Authority (AFSA). The former Soviet Union state has been an important country for the crypto industry, being a hub for miners for years.
The announcement from the company informed that the license from Kazahstan’s watchdog will allow it to operate a “Digital Asset Trading Facility and Provider of Custody in the Astana International Financial Centre (AIFC).”.This is Binance’s first regulatory approval in the country. Nevertheless, Binance is still required to complete full verification, which the exchange expects to do “in due course.”.The authorities debate whether to implement new taxation rules on the industry but are yet to make them official.#togrp7