Binance Kazakhstan has obtained a full Digital Asset Trading Facility (DATF) license from the Astana Financial Services Authority (AFSA). This approval permits the platform to function as a buying and selling facility for digital belongings, operate as a broker-dealer, and supply custody companies for digital belongings in Kazakhstan.
Binance Kazakhstan Secures Full Digital Asset Trading License
According to a weblog put up by the crypto alternate, this transfer marks a key regulatory milestone, as Binance Kazakhstan turns into the primary digital-asset platform within the area to safe such a license. The DATF license from AFSA allows Binance to ascertain a digital belongings buying and selling facility within the nation, in compliance with the Astana International Financial Centre’s (AIFC) regulatory framework.
Binance’s Kazakhstan subsidiary underwent a multi-stage overview to satisfy AFSA’s regulatory requirements, together with exterior monetary audits and ISO certifications. This overview assessed the platform’s compliance with codes like AIFC Digital Asset Activities, Conduct of Business Rules, and anti-money laundering (AML) laws.
This ensures the safety and trustworthiness of Binance Kazakhstan’s techniques for offering buying and selling and custody companies.
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Kelvin Munene Murithi
Kelvin is a distinguished author with experience in crypto and finance, holding a Bachelor’s diploma in Actuarial Science. Known for his incisive evaluation and insightful content material, he possesses a robust command of English and excels in conducting thorough analysis and delivering well timed cryptocurrency market updates.
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