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Binance Kazakhstan receives AFSA consent for full regulatory license

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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.

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