• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Binance Kazakhstan receives AFSA consent for full regulatory license

user avatar

by Giorgi Kostiuk

a year ago

  1. Extensive Review Process
  2. What’s Next?


    3. Binance Kazakhstan secures another important milestone for the crypto industry as it receives formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license.

    Extensive Review Process

    According to official data, Binance Kazakhstan has gone through a rigorous multi-stage process to obtain coveted formal consent. The process included the following steps:

    * External financial audit * Obtaining ISO certifications for the organization’s IT systems * Multiple internal audits

    Additionally, AFSA conducted a stringent evaluation to ensure that Binance Kazakhstan met all applicable requirements and maintained top-notch systems and processes. AFSA regulates financial and non-financial services within the Astana International Financial Centre (AIFC) in Kazakhstan, ensuring a secure and regulated financial environment.

    What’s Next?

    Once the full license is obtained, Binance Kazakhstan will be authorized to perform the following:

    * Operate a virtual assets trading facility * Engage in principal investment dealings * Offer custody services for virtual assets

    The full licensing mode will allow Binance Kazakhstan to boost its offerings and better serve the local crypto ecosystem.

    This achievement will support setting a new standard for crypto trading facilities, fostering innovation and trust in the ever-evolving market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Threatens to Break Previous Monthly Cycle High

chest

Bitcoin is nearing a critical point where it may break the previous monthly cycle high of 61,359, a first in its history.

user avatarAndrew Smith

Taylor Lindman Appointed as Chief Counsel of SEC Crypto Task Force

chest

Taylor Lindman has been appointed as the new Chief Counsel of the SEC's Crypto Task Force, focusing on compliance and legal guidance for digital assets.

user avatarJacob Williams

Potential Changes in Bitcoin Derivatives Markets Following CLARITY Act

chest

Market expert MartyParty highlights that the CLARITY Act could lead to significant changes in Bitcoin derivatives markets, enhancing CFTC authority and encouraging institutional participation.

user avatarZainab Kamara

Crypto Investment Funds Face Continued Outflows Amid Market Slowdown

chest

Crypto investment funds have faced a fifth consecutive week of net outflows, totaling approximately $4 billion over five weeks, with a significant decline in trading activity.

user avatarAyman Ben Youssef

Blockchain Association Unveils New Tax Principles for Digital Assets

chest

The Blockchain Association has introduced a framework to guide lawmakers on digital asset taxation as discussions around the CLARITY Act continue.

user avatarSon Min-ho

Market Leverage Ratio Declines, Indicating Reduced Speculative Positioning

chest

The Estimated Leverage Ratio in the crypto derivatives market has sharply declined, suggesting a reduction in speculative positioning and a calmer market environment.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.