The cryptocurrency exchange Binance recently received the necessary authorization to start operations in Kazakhstan, a country with a recognized activity in the world of cryptocurrencies.
The Astana Financial Services Authority (AFSA) was the one who issued the final approval for the exchange, this being the first step to obtain the license to operate as a trading center for digital assets.
Binance has been working hand in hand with Kazakhstan for some time to lift everything necessary for cryptocurrency regulation, in order to strengthen the industry and avoid falling into illegal activities such as financing terrorism or money laundering.
Changpeng Zhao, CEO and founder of the company, spoke about the arrival of its service to the region, highlighting the company’s commitment to providing quality products and services.
“Kazakhstan has proven to be a pioneer in the adoption and regulation of cryptocurrencies in Central Asia. This further signifies Binance’s commitment to being a compliance-first exchange and providing products and services in a safe and well-regulated environment around the world”, Zhao said.
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