- Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan.
- The in-principle approval requires Binance to complete the application process to get the full license, which will allow it to run a digital asset trading facility and provide digital asset custody services on the AIFC’s platform, the announcement noted.
- As a result, the government has taken steps to shut down illegal mining farms, expand registration requirements for crypto miners, increase a surcharge for the electricity consumed to mint digital currencies, and provide options for mining companies to exchange their cryptocurrencies on domestic platforms.
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan
