Binance, a prominent cryptocurrency exchange, has been involved in a dispute with the Securities and Exchange Commission (SEC) for several days. The SEC recently filed a lawsuit against the exchange, raising concerns in the industry.
However, despite the legal proceedings, Binance continues to prioritize customer satisfaction. In a recent announcement, the exchange announced the expansion of its zero fee trading promotion to encompass all trueUSD trading pairs.
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Additionally, in a recent announcement, the exchange announced the launch of a regulated digital asset platform in Kazakhstan.
Binance launches regulated platform in Kazakhstan
Binance has revealed its plans to establish a local digital asset platform in Kazakhstan. Furthermore, this initiative comes after Binance obtained a license from the AIFC Financial Services Authority (AFSA) in October of the previous year, allowing them to operate a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC).
With this permanent license, Binance attains the status of a regulated platform in Kazakhstan, underscoring its commitment to compliance and robust security measures.
Additionally, the newly launched exchange will have authorization to offer various services, including exchange and conversion facilities, fiat currency deposits and withdrawals, custody services for cryptocurrencies, and exchange trading. The exchange announced the details of the launch at a press event on June 20, 2023.