Binance has launched a regulated digital asset platform in Kazakhstan, offering exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets.
Binance Will be Offered in Partnership with Kazakhstan's Freedom Finance Bank
Binance has launched a regulated digital asset platform in Kazakhstan, offering exchange and conversion services, deposit and withdrawal of fiat, and custody of crypto assets to Kazakhstani users.
The platform will be offered in partnership with Kazakhstan's Freedom Finance Bank and will allow Kazakhstani users to on-ramp their fiat funds to Binance via bank cards and bank transfers. The launch comes after Binance obtained a permanent license to operate a digital asset platform from the AIFC Financial Services Authority in October 2022.
Binance Kazakhstan general manager, Zhaslan Madiyev, said:
“This is the first such project in the region. Binance Kazakhstan is going to adopt Binance’s best practice for their further deployment on a regional scale.”
Additionally, he stated that the company's mission is to grow the nation's and the sector's human capital and integrate it into the lives of its people.
