Share this article
Crypto Exchange Binance Receives Preliminary Approval to Operate in Kazakhstan
The crypto exchange has strengthened its compliance team and enhanced efforts to win operating licenses this year after drawing the ire of regulators.
Updated Oct 17, 2022, 4:14 p.m. Published Aug 15, 2022, 10:45 a.m.
Crypto exchange Binance has obtained preliminary approval from the Astana Financial Services Authority (AFSA) to operate in Kazakhstan, a step toward becoming licensed to operate as a digital asset trading platform and custody provider in the Astana International Financial Centre (AIFC).
Binance Kazakhstan still needs to complete the full application process before it can start operations, the company said in a blog post on Monday.
STORY CONTINUES BELOW
The exchange has been working with Kazakhstan, which is known for crypto mining, to help the country develop rules for digital assets as Kazakhstan looks to bolster its crypto industry. The company said in May that it would help Kazakhstan develop digital asset regulation. At the same time, the exchange has strengthened its compliance team and gained approvals and provisional approvals from other countries and jurisdictions, including France, Dubai and Spain after drawing the ire of regulators in countries such as the U.K. and Japan last year and Uzbekistan and Israel this year.
"This further signifies Binance’s commitment to being a compliance-first exchange and providing products and services in a safe and well-regulated environment across the globe," Binance CEO Changpeng Zhao said in the blog.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Most Influential: The Lazarus Group
The crypto industry’s most notorious hackers continue to break records, highlighting the importance of taking every step possible to secure wallets.
Top Stories
