June 21 (Cointime) - Binance has launched a regulated digital asset platform in Kazakhstan, offering a range of crypto and fiat-focused services for Kazakhstani users.
The platform has been granted a permanent license to offer a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC) in the country.
The banking services will be provided by Kazakhstan's Freedom Finance Bank, allowing users to transfer fiat funds to their accounts on the platform.
Binance's move into Kazakhstan comes as the exchange faces regulatory troubles in the US and Europe, including an SEC lawsuit and investigations in France and the Netherlands. Other exchanges, such as Gemini, are also looking to focus on the Asia Pacific region amid growing regulatory uncertainty in the West.
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