(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 16. Binance, the
world's largest crypto exchange, has received its In-Principal
Approval from the Astana Financial Services Authority (AFSA) to
operate a Digital Asset Trading Facility and Provide Custody in the
Astana International Financial Centre (AIFC), Trend reports citing the
AIFC.
AIFC is the first financial centre in the Commonwealth of
Independent States (CIS) to have started working with Binance.
Binance, with its wealth of experience, technologies and
opportunities will contribute to the development of the digital
assets market in Kazakhstan and is going to create larger impetus
for further establishing the country as the region's cryptohub.
'Kazakhstan has shown to be a pioneer in Central Asia crypto
adoption and regulation,' said Changpeng Zhao (CZ), founder and CEO
of Binance.“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.'
In-Principal Approval is one of the steps to obtain a license in
the AIFC. Upon successful finalisation of its licensing
application, Binance will be able to provide its services as an
operator of a Digital Asset Trading Facility and Provider of
Custody in the Astana International Financial Centre.
The Astana Financial Services Authority (AFSA) is the
independent regulator of the Astana International Financial Centre
(AIFC), which is established in accordance with the Constitutional
Law of the Republic of Kazakhstan“On the Astana International
Financial Centre” for the purposes of regulating financial services
and related activities in the AIFC.
AFSA administers the AIFC Regulations and Rules and is
responsible for the authorisation, registration, recognition and
supervision of financial firms and market institutions in the
AIFC.
Binance is the world's leading cryptocurrency infrastructure
provider with a range of financial products, including the largest
digital asset exchange by volume.
MENAFN16082022000187011040ID1104702298
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.