Bybit and Binance Receives Full Regulatory Nod in Kazakhstan

Crypto exchanges Bybit and Binance secured full authorization in Kazakhstan expanding global reach. Kazakhstan’s financial regulator issued the green light taking it one step closer to becoming a regulated Digital Asset Trading Facility (DATF). Digital assets exchanges continue the race to compliant operations across jurisdictions amid competition. 

Bybit Secures Full Authorization in Kazakhstan 

Bybit announced that it received consent for full authorization from the Astana Financial Services Authority (AFSA). In a Sept 6 release, the company wrote that the move brings the firm closer to a regulated DATF. Ben Zhou, the co-founder and CEO of Bybit explained that the exchange is committed to bringing innovative technology to the country in a dynamic market.

“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market. We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”

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David Pokima

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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