Cryptocurrency exchanges Bybit and Binance have received full approval from Kazakhstan's financial watchdog, allowing them to expand their presence worldwide and bringing them closer to becoming regulated DATFs.
Full Approval from AFSA
With the approval from Kazakhstan’s financial watchdog (AFSA), Bybit has announced its complete license. In a press statement dated September 6, the exchange stated that this action brings the company one step closer to becoming a regulated DATF. Co-founder and CEO of Bybit, Ben Zhou, emphasized the exchange’s dedication to providing innovative technologies to the country’s dynamic market. The exchange has also passed all necessary evaluations, including those related to anti-money laundering rules, allowing it to obtain new operations in the region.
Focusing on Global Compliance
Similarly, Binance has received regulatory approval, demonstrating its commitment to upholding the utmost standards of trust and security. This was evident in the thorough evaluation conducted by the financial authorities.
Market Impact
Now that they have the complete license, Binance Kazakhstan can contribute to the growth and development of the local digital-asset ecosystem. This will encourage more innovation and confidence in this dynamic market.
The approval of crypto exchanges Bybit and Binance in Kazakhstan signifies a significant step in their global expansion and regulatory status, strengthening their positions in the international digital asset arena.
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