Crypto exchange Binance received a license to operate in Kazakhstan, according to Thursday’s press.
The license from the Astana Financial Services Authority (AFSA) will allow Binance to have the prestige of a regulated platform that can function as a custodial and virtual asset service provider in the Astana International Financial Center.
The Astana International Financial Center is a regional platform that focuses on the progression of similar virtual assets. Earlier, in August, the exchange had received initial approval from the Astana Financial Services Authority.
The exchange has been running with Kazakhstan to expand regulations for cryptocurrency businesses as the country looks to bring its virtual asset industry to life.
In May, Binance said the country would expand regulation of virtual assets. At the same time, the exchange beefed up its compliance team and secured provisional approvals and approvals from other countries and jurisdictions, adding France, Dubai and Spain, after angering regulators. in countries such as the UK and Japan last year and Uzbekistan and Israel this year.
“We are proud to announce that Binance has taken another step in its pursuit of a compliance-focused exchange,” Binance’s head of Asia, Gleb Kostarev, said in the press release.
The price of Bitcoin is responding well to the bullish advances that have positioned themselves over the last month or so. A recent escape could be just the beginning of a prolonged rally if viewed through the lens of Bitcoin’s age-old functionality in the fourth quarter spanning the last decade. .
The Algorand (ALGO) cost action takes a beating of about 5% in just one day and a share of trade. Luckily for cryptocurrencies, it is up 7% earlier, meaning you’re likely to make a marginal profit. for the week, so it is a cause not lost.
According to the knowledge of cryptographic features and the futures exchange Deribit, an above-average price of $2. 4 billion of Bitcoin and Ethereum features is expected to expire on Oct. 28.
UK lawmakers agreed to new regulations for stablecoins on Oct. 27, as the government promises to consult soon on cryptocurrency regulation. Rishi Sunak, the new British prime minister, has said he will make the UK a cryptocurrency hub.
The price of Bitcoin is responding well to the bullish advances that have positioned themselves over the last month or so. A recent escape could be just the beginning of a prolonged rally if viewed through the lens of Bitcoin’s age-old functionality in the fourth quarter spanning the last decade. .
Note: All data on this page is subject to change. The use of this implies acceptance of our user agreement. Read our privacy policy and legal notice.
Forex trading on margin carries a high degree of risk and may not be suitable for all investors. The maximum level of leverage can be for both you and you. Before you decide to invest in currencies, you should thoroughly consider your investment. objectives, point of experience and appetite for threats. It is conceivable that you will suffer a total or partial loss of your initial investment and therefore deserve not to invest money that you cannot lose. You deserve to be aware of all the threats related to forex trading and seek the recommendation of an independent monetary advisor if you have any doubts.
The perspectives expressed on FXStreet are those of the individual authors and do not necessarily constitute the opinion of FXStreet or its management. FXStreet has not verified the accuracy or factual basis of any or constitution made through an independent author: errors and omissions may occur. . Any opinions, news, research, analyses, pricing or other data contained on this website, through FXStreet, its employees, clients or collaborators, are provided as a general market observation and do not constitute investment advice. FXStreet will not accept any liability for any loss or damage, including but not limited to any loss of profits, which would possibly be maintained directly or indirectly by use of or reliance on such data.