Binance gets approved to operate in Kazakhstan

The world’s largest crypto exchange Binance has received an in-principle approval from regulatory bodies in Kazakhstan to operate crypto services.

Binance received a preliminary approval from the Astana Financial Services Authority (AFSA) to operate a Digital Asset Trading Facility and Provide Custody in the Astana International Financial Centre (AIFC).

The AFSA is the first regulator in Kazakhstan to grant an in-principle approval to a Binance entity.

Binance still has to complete the full application process, which is expected in due course.

Then, Binance will be able to provide its services as an operator of a Digital Asset Trading Facility and Provider of Custody in the Astana International Financial Centre.

Binance has received a swathe of approvals across Europe and the Middle East.

In July, Binance’s Spanish subsidiary was given the go-ahead to operate as a crypto service provider in Spain.

The approval follows European registrations with both France and Italy. The company also recently received licenses to operate in Bahrain and Dubai.

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