Binance Receives License to Operate in Kazakhstan

Crypto exchange Binance has been handed a license to operate in Kazakhstan.

Binance received the license from the Astana Financial Services Authority(AFSA)which will enable the crypto exchange to have the status of a regulated platform that can operate as a digital asset and custody services provider.

The Astana International Financial Center is a regional platform that focuses on the development of services related to digital assets.

Binance had received a preliminary approval from the Astana Financial Services Authority in August.

The exchange has been working with Kazakhstan to help it develop rules for cryptocurrency firms as the country looks to boost its digital asset industry.

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