Security

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Binance Kazahstan becomes 1st crypto platform to get AFSA consent for a full regulatory license.</li> 
 <li>The platform will be authorized to operate a crypto trading facility with a vast range of services.</li> 
</ul> 
<p>Binance secures another important milestone for the crypto industry as Binance Kazakhstan has just obtained formal consent from the Astana Financial Services Authority (AFSA) for a full regulatory license.</p> 
<p>This means that the crypto platform in Kazakhstan is moving one step closer to becoming the first fully regulated Digital Asset Trading Facility (DATF) in the country.</p> 
<p>As noted via the official announcement, this achievement represents a testament to Binance’s commitment to maintaining the highest standards of trust, security, and regulatory compliance.</p> 
<h2 id="extensive-review-process">Extensive Review Process</h2> 
<p>According to official data, Binance Kazakhstan has gone through a rigorous multi-stage process, in order to be able to obtain coveted formal consent.</p> 
<p>The process included the following steps:</p> 
<ul> 
 <li>An External Financial Audit</li> 
 <li>Obtaining ISO certifications for the organization’s IT systems</li> 
 <li>Multiple internal audits</li> 
</ul> 
<p>More than that, AFSA conducted a rigorous evaluation of its own to make sure that Binance Kazakhstan has met all applicable requirements and maintained top-notch systems and processes.</p> 
<p>The AFSA regulates financial and non-financial services within the Astana International Financial Centre (AIFC) in Kazakhstan, ensuring a secure and regulated financial environment.</p> 
<h2 id="what-s-next">What’s Next?</h2> 
<p>Once the full license is obtained, Binance Kazakhstan will be authorized to perform the following:</p> 
<ul> 
 <li>Operate a virtual assets trading facility</li> 
 <li>Engage in principal investment dealings</li> 
 <li>Offer custody services for virtual assets</li> 
</ul> 
<p>The full licensing mode will allow Binance Kazakhstan to boost its offerings and better service the local crypto ecosystem.</p> 
<p><a href="https://crypto.ro/en/exchange/binance/">Binance</a>‘s Head of Regional Markets, Vishal Sacheendran, expressed his joy regarding this pre-approval, stating that it reflects the organization’s dedication toward the following crucial elements:</p> 
<ul> 
 <li>Compliance</li> 
 <li>Security</li> 
 <li>Operational excellence</li> 
</ul> 
<p>He stated, as quoted via the <a href="https://www.binance.com/en/blog/regulation/binance-kazakhstan-first-digitalasset-platform-to-obtain-afsa-consent-for-full-regulatory-license-546932657781842099?hl=en" rel="nofollow noopener" target="_blank">official announcement</a>, that Binance looks forward to getting the full license and continuing to serve users in Kazakhstan, contributing to the growth and development of the local digital asset ecosystem.</p> 
<p>This achievement will support setting a new standard for crypto trading facilities, fostering innovation and trust in the ever-evolving market.</p>

Binance Kazakhstan -1st Crypto Platform to Get AFSA Consent for 100% Regulatory License

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