As a researcher with extensive experience in the cryptocurrency space, I find it truly exhilarating to see major players like Bybit and Binance gaining full authorization in new jurisdictions, such as Kazakhstan. This move signifies not only their commitment to global expansion but also the growing acceptance and recognition of digital assets by traditional financial authorities.
Bybit and Binance, major crypto exchanges, have received full authorization in Kazakhstan, expanding their global presence. The country’s financial authority has given its approval, moving a step closer to becoming fully-fledged Digital Asset Trading Facilities (DATF). In the race to establish compliant digital asset trading operations across various regions, these exchanges are leading the way in compliance amidst growing competition.
Bybit Secures Full Authorization in KazakhstanÂ
Bybit has been given approval for complete authorization by the Astana Financial Services Authority (AFSA), as stated in a September 6 announcement. This decision brings the company one step closer to operating as a regulated Digital Asset Trading Facility (DATF). According to Ben Zhou, co-founder and CEO of Bybit, this move is part of the exchange’s dedication to introducing advanced technology within Kazakhstan’s rapidly evolving financial market.
“Kazakhstan now plays a significant role in the worldwide crypto sector, and we’re excited to extend our services in such a vibrant market. Our goal is to introduce our advanced technology, robust security, and transparency to Kazakh crypto traders, empowering them with top-notch tools and resources to flourish in this rapidly expanding industry.”
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2024-09-06 18:33