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Binance and Bybit Closer to Becoming Kazakhstan’s First Regulated DATFs

Crypto exchanges Bybit and Binance announced on September 6 important strides toward becoming fully regulated Digital Asset Trading Facilities (DATFs) in Kazakhstan. Both exchanges received full authorization from the Astana Financial Services Authority (AFSA).

Kazakhstan pushed for the approval and is now moving the country closer to establishing itself as a regulated Digital Asset Trading Facility (DATF)

The announcement follows a stringent regulatory process, including comprehensive anti-money laundering (AML) checks and compliance assessments.

The new authorization positions Bybit to offer a wider range of crypto-related services in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.

Similarly, Binance has also secured the regulatory nod from AFSA. However, Binance’s rigorous assessment process included obtaining ISO certifications and passing external audits, ensuring the exchange adheres to the highest security and operational integrity standards.

Notably, Binance is the first Digital Asset Service Provider (DASP) to obtain AFSA consent for a full regulatory license.