Changpeng Zhao, the founder of the world's largest crypto exchange Binance, shared the photo he took while signing an agreement with Kazakhstan's senior officials in his post on his official Twitter account.
While CZ showed the photograph where the contract was signed with the Minister of Information Technologies of Kazakhstan, Kazakhstan President Kassym-Jomart Tokayev also witnessed the signature.
Binance emphasized that users in Kazakhstan can use fiat to buy and sell crypto, and the global station will continue to be open to users in the country. Binance said it is working with five regulators in the country.
As it is known, the company recently announced that it has established a local regulated cryptocurrency platform in Kazakhstan.
Signing in Kazakhstan 🇰🇿
Left to right: CZ, President of Kazakhstan Kassym-Jomart Tokayev, Minister of Information Technology Bagdat Mussin
(Photo was from a while ago.) pic.twitter.com/Antvri8J5A
— CZ 🔶 Binance (@cz_binance) June 22, 2023
Binance received a principle approval to operate in Kazakhstan in August last year and a perpetual license in October from the AIFC Financial Services Authority to offer a digital asset platform and custody services at the Astana International Financial Center (AIFC) in the country.
The new platform will provide a range of crypto and fiat-focused services for Kazakhstani users, including exchange and clearing services, fiat deposits and withdrawals, and custody of crypto assets.
Binance Kazakhstan manager Zhaslan Madiyev said the following on the subject in his statement:
“Today we launched Binance, a local bank-channel integrated crypto exchange in Kazakhstan. This is the first project of this kind in the region. Binance Kazakhstan will adopt best practices for further regional expansion of Binance. In particular, we aim to develop the human capital of the country and the industry so that future experts and experts in blockchain can create their own projects and products for the further development of the entire industry and its gradual inclusion in the daily lives of citizens.”
*Not investment advice
