EddieJayonCrypto
6 Sep 24
Bybit and Binance have received full regulatory approval in Kazakhstan, allowing them to operate as Digital Asset Trading Facilities (DATF) in the country. Both exchanges have committed to driving innovative technology and maintaining high levels of trust and security. Kazakhstan's increased partici...
Bybit and Binance have obtained full regulatory authorization in Kazakhstan, allowing them to operate as Digital Asset Trading Facilities (DATF) in the country. This endorsement reflects their dedication to compliance and their commitment to contributing to the growth of the local digital-asset ecosystem. Both exchanges pledge to drive innovative technology and maintain high levels of trust and security, aligning with Kazakhstan's focus on compliant operations in the crypto industry.
Bybit announced that it received consent for full authorization from the Astana Financial Services Authority (AFSA). The company emphasized its commitment to bringing cutting-edge technology, security, and transparency to crypto traders in Kazakhstan. By satisfying anti-money laundering regulations checks and other requirements, Bybit secured new operations in the region, emphasizing Kazakhstan's stance on full compliance in the crypto space.
Similarly, Binance also secured full regulatory approval, underscoring its efforts to maintain the highest levels of trust and security. The company's dedication to compliance and its aim to foster innovation and trust in the local digital-asset ecosystem were highlighted. This development is expected to enhance digital asset participation in the region and drive wider investment opportunities in the market.