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The launch of the new regulated platform was announced at a June 20 press conference in the presence of government officials, Kazakh bankers, and the management of Binance Kazakhstan.
A representative of Binance Kazakhstan said that users of the exchange will be able to buy and sell crypto assets using fiat balance, spot trading and conversion, and the range of services offered is expected to gradually expand.
Freedom Finance Bank of Kazakhstan will provide services to support the fiat infrastructure of the exchange Binance Kazakhstan, which has provided users of the trading platform with several channels for deposits and withdrawals, including bank cards and remittances.
The cryptocurrency exchange has received
a permanent permit to operate in Kazakhstan, as well as a license to offer a digital asset platform and provide custodial services at Kazakhstan’s Astana International Financial Center last fall.