• 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

2 years 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

Lawmakers Express Alarm Over Corruption Risks in Prediction Markets

chest

Lawmakers express concerns about corruption risks in prediction markets linked to government actions.

user avatarDiego Alvarez

BNB Chain Emerges as a Leader in Real-World Asset Tokenization

chest

BNB Chain has rapidly grown as a prominent platform for real-world asset (RWA) tokenization, achieving significant milestones in asset value and user engagement.

user avatarMohamed Farouk

Boris Johnson Warns of Risks in Bitcoin Investments

chest

Boris Johnson warns about the risks of investing in Bitcoin, highlighting potential losses and the need for caution among investors.

user avatarTenzin Dorje

Boris Johnson Raises Concerns Over Bitcoin's Legitimacy

chest

Former UK Prime Minister Boris Johnson raises concerns about Bitcoin's legitimacy, citing significant investor losses and risks associated with the cryptocurrency.

user avatarBayarjavkhlan Ganbaatar

Democratic Lawmakers Push for Ban on Prediction Markets Amid Corruption Concerns

chest

Democratic lawmakers introduced the BETS OFF Act to ban prediction markets tied to government actions due to corruption concerns.

user avatarElias Mukuru

Adobe Stock Price Targets Adjusted by Analysts Following CEO Exit

chest

Following the CEO's departure, multiple firms have adjusted their price targets for Adobe stock, reflecting market uncertainty.

user avatarMaria Fernandez

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.