The Binance cryptocurrency exchange plans to launch a branch in Kazakhstan by mid-2023. About it writes RIA Novosti with reference to the statement of the regional director of the company Vladimir Smerkis.
According to him, the exchange will be able to offer exchange and conversion services, deposits and withdrawals of fiat currencies, storage of cryptocurrency assets and exchange trading.
He noted that thanks to the law on digital assets adopted in the country and the special legal regime created on the basis of the AIFC, Kazakhstan is the most attractive country of the former USSR in terms of regulating the cryptocurrency market. Smerkis also pointed to progress in issuing a local CBDC.
In September 2022, Binance received a license in Kazakhstan to operate a digital asset platform and engage in custodial activities in the AIFC.