Binance has obtained a full Digital Asset Trading Facility (DATF) license from Kazakhstan’s Astana Financial Services Authority (AFSA), marking a major achievement for the exchange.
This license allows Binance Kazakhstan to operate as a digital asset trading platform, broker-dealer, and custodian, making Kazakhstan the first Central Asian country where Binance has secured full regulatory approval.
The license was granted after a thorough review process, which included financial audits and ISO certifications.
Binance emphasised that this milestone highlights Kazakhstan’s innovative approach to financial technology, reinforcing the country’s status as a fintech hub in Central Asia.
Vishal Sacheendran, Binance’s Head of Regional Markets, praised Kazakhstan’s "forward-thinking regulatory framework," positioning the nation as a key player in the region’s digital asset growth.
The regulatory approval aligns with Binance’s focus on compliance and supports the development of the cryptocurrency ecosystem across Central Asia.
The exchange underwent a stringent review to meet all regulatory requirements, ensuring it adhered to the AIFC Digital Asset Activities and AML laws.
Binance Holdings Ltd., commonly referred to as Binance, is a global company that operates a cryptocurrency exchange based on daily trading volume.
It was established in 2017 by Changpeng Zhao, a developer with prior experience in creating high-frequency trading systems.