Binance Secures Full Digital Asset Trading License In Kazakhstan

Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). This approval allows the platform to operate as a trading facility for digital assets, function as a broker-dealer, and provide custody services for digital assets in Kazakhstan.

Binance Kazakhstan Secures Full Digital Asset Trading License

According to a blog post by the crypto exchange, this move marks a key regulatory milestone, as Binance Kazakhstan becomes the first digital-asset platform in the region to secure such a license. The DATF license from AFSA enables Binance to establish a digital assets trading facility in the country, in compliance with the Astana International Financial Centre’s (AIFC) regulatory framework.

Binance’s Kazakhstan subsidiary underwent a multi-stage review to meet AFSA’s regulatory standards, including external financial audits and ISO certifications. This review assessed the platform’s compliance with codes like AIFC Digital Asset Activities, Conduct of Business Rules, and anti-money laundering (AML) regulations. 

This ensures the security and trustworthiness of Binance Kazakhstan’s systems for providing trading and custody services.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

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