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Binance has obtained preliminary approval from the Astana Financial Services Authority (AFSA) to operate in Kazakhstan, which will allow the crypto exchange to offer its financial services in the country.
On Monday, Binance wrote on its blog that the Astana Financial Service Authority (AFSA) has given the exchange a go-ahead to operate a Digital Asset Trading Facility as well as provide custody in the Astana International Financial Centre (AIFC).
"This further signifies Binance’s commitment to being a compliance-first exchange and providing products and services in a safe and well regulated environment across the globe," Binance CEO Changpeng Zhao said in the blog.
Binance Kazakhstan still needs to complete the full application process before it can start operations.
Binance has been working with Kazakhstan, known for crypto mining, to help it develop a regulatory regime for digital assets as the country looks to bolster its crypto industry.
Source - Binance
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