Binance announced the launch of its digital asset exchange in Kazakhstan, having obtained a permanent license to operate in the country in October 2022.
the launch of a regulated digital asset platform in Kazakhstan amid growing regulatory troubles in the West. The launch of the new platform was announced at a press event on June 20, 2023, in the presence of representatives of Kazakhstan’s banking industry, and Binance Kazakhstan's leadership.
The new platform will offer a slew of crypto and fiat-focused services for Kazakhstani users including exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets. The banking services will be offered by Kazakhstan’s Freedom Finance Bank bank which would allow the new digital asset exchange users to transfer fiat funds to their accounts on the platform. There are two fiat channels available to deposit and withdrawals at present namely bank cards and bank transfers via Freedom Finance Bank.
The latest move for the leading crypto exchange by trading volume comes amid growing regulatory troubles in the United States and several European countries. Binance is currently embroiled in a
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