Binance has received in-principle approval from Kazakh regulators to provide digital asset services locally

[Binance received in-principle approval from the Kazakhstan regulator and will provide digital asset services locally] Jinse Finance reported that according to Binance’s official announcement, Binance announced that it has obtained the in-principle approval from the Astana Financial Services Authority (AFSA) of Kazakhstan. Approval to operate a digital asset trading facility and provide custody services at the Astana International Financial Center (AIFC).

According to Binance, AFSA’s move makes it the first regulator in Kazakhstan to approve a Binance entity in principle. AFSA’s approval-in-principle still requires Binance to complete the full approval process, which is expected to be completed in due course. Binance will then be able to provide services as a digital asset trading facility operator and custody provider at the Astana International Financial Center.

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