Binance Kazakhstan became the first digital asset platform to receive approval for a full regulatory license from AFSA.

Binance Kazakhstan, the Kazakhstani branch of Binance, the leading blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, has received official approval from the Financial Services Regulatory Authority (AFSA) to obtain a full regulatory license. With this approval, Binance Kazakhstan will become the first Digital Asset Trading Facility (DAT) whose operations will be fully regulated. This significant milestone demonstrates Binance Kazakhstan’s compliance with Kazakhstan’s regulatory framework and underscores the company’s commitment to operating under the highest standards of trust and security.

Binance Kazakhstan underwent an extensive verification process, including an external financial audit and obtaining ISO certifications in information security management and confidential information handling. Additionally, a series of internal audits and external inspections were conducted to ensure full compliance with all regulatory requirements.

This license will allow Binance Kazakhstan to operate a platform for trading and exchanging digital assets, as well as offer brokerage and custodial services for the storage of digital assets.

Having successfully passed the stringent evaluation by the AFSA Fintech Lab, all stages of testing Binance Kazakhstan’s local platform have been completed successfully. The regulatory assessment was conducted in accordance with the International Financial Centre (IFC) business rules, regulations for digital asset platform operators, and many other applicable regulatory acts. This achievement reflects the regulator’s confidence in Binance Kazakhstan’s systems, control mechanisms, and cybersecurity protocols.