Binance Launches Regulated Digital Asset Platform in Kazakhstan

In Kazakhstan, Binance Introduces a Regulated Digital Asset Platform

Global cryptocurrency exchange Binance has launched a regulated digital asset platform in Kazakhstan, aiming to tap into the Asia-Pacific region amid regulatory challenges in the West. The platform, operating under the Astana International Financial Center, offers various services including exchange, conversion, fiat deposit/withdrawal, and custody of crypto assets. The initiative includes collaboration with Kazakhstan's Freedom Finance Bank for banking services. Binance's move comes as it faces regulatory issues in the US and Europe, while other exchanges like Gemini also target the Asia-Pacific market. Hong Kong is emerging as a crypto hub, attracting interest from platforms like Coinbase.