Binance gets nod to operate in Kazakhstan

Binance has obtained a “permanent license” to operate a digital asset platform and provide custody services at Kazakhstan’s Astana International Financial Center, the world’s largest cryptocurrency exchange announced in a blog post on Thursday.

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Fast facts

• The license gives Binance the status of a regulated platform in the Central Asian nation and authorizes it to offer digital asset trading services, deposit and withdrawal of fiat currencies and custody.
• The license comes after Binance received in-principal approval in August.
• “We are proud that Binance has taken yet another step on the path of being a compliance-focused exchange,” Gleb Kostarev, Binance’s Asia regional head, said in the blog post.
• Last week, Binance launched a local branch in New Zealand after becoming a registered financial service provider.
• Binance recently received regulatory approval to offer crypto-related services in France, Italy, Spain, Dubai, Abu Dhabi and Bahrain.

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