As a seasoned researcher with a penchant for all things crypto, I must say that this news is nothing short of groundbreaking. Binance Kazakhstan securing a full DATF license from AFSA is a testament to the growing acceptance and recognition of digital assets in the global financial landscape.
Binance Kazakhstan has been granted a comprehensive Digital Asset Trading License by the Astana Financial Services Authority (AFSA). This authorization empowers them to operate as a platform for trading digital assets within Kazakhstan, act as a broker-dealer, and offer digital asset custody services in the region.
Binance Kazakhstan Secures Full Digital Asset Trading License
As per a blog post by the cryptocurrency exchange, this action represents an important regulatory achievement because Binance Kazakhstan is now the initial digital asset platform in the region to acquire such a license. The DATF license from AFSA allows Binance to set up a digital assets trading facility within the country, following the Astana International Financial Centre’s (AIFC) regulatory guidelines.
Binance’s Kazakhstan branch went through a comprehensive evaluation process to align with the regulatory requirements set by the AFSA. This assessment involved external financial inspections and obtaining ISO certifications. The evaluation ensured the platform adhered to rules such as the AIFC Digital Asset Activities, Business Conduct Regulations, and anti-money laundering (AML) policies.
This measure guarantees the safety and reliability of Binance Kazakhstan’s platforms, enabling secure trading and asset storage services.
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2024-09-30 22:09