Main Takeaways

Having secured a permanent license by Kazakhstan’s AIFC Financial Services Authority (AFSA) last year, Binance is now launching a local digital asset platform in the country.

The new platform will offer Kazakhstani users exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets. The suite of services and number of assets available for trading will expand going forward.

Binance continues to productively engage with Kazakhstan’s regulators to advance the country’s crypto industry and contribute to the development of a robust regulatory framework for digital assets.

Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced the launch of a local digital asset platform in Kazakhstan. The move follows Binance securing a license from the AIFC Financial Services Authority (AFSA) to manage a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC) in October last year.

The permanent license also gives Binance the status of a regulated platform in Kazakhstan, testifying to its robust compliance and security controls. The new exchange will be authorized to offer exchange and conversion services, deposit and withdrawal of fiat currencies, custody of crypto assets, and exchange trading.