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The world’s largest crypto exchange Binance further strengthens its position in Kazakhstan after receiving a permanent license from the AIFC Financial Services Authority (AFSA) on Thursday. The license allows the crypto exchange to operate a digital asset platform and offer custody services in the country.
Binance Receives Permanent License from Kazakhstan’s AFSA
Crypto exchange Binance on October 6 received a permanent license from the AFSA to operate a digital asset platform and offer custody services at the Astana International Financial Center. Binance began to work on crypto adoption and regulation in Kazakhstan in May, it has since increased its presence massively in the country.
The permanent license means Binance has become a regulated crypto platform in the country. It will offer exchange and conversion services, deposit and withdrawal of fiat currencies, storage of cryptocurrency assets, and exchange trading.
Binance Asia Director Gleb Kostarev said:
“We welcome the intention of Kazakhstan to become a leading player i
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