Binance Coin (BNB) Surged Amid Kazakhstan Approval

  • Binance Coin (BNB) price surged momentarily today.
  • The surge came after Binance’s latest news about its approval to operate in Kazakhstan.
  • Binance is on a mission to become a compliance-first exchange.

Binance eagerly announced its happy news of attaining the preliminary regulatory approval to operate in Kazakhstan. The popular crypto exchange made the announcement today and it led to a quick surge in the price of Binance Coin (BNB).

According to CoinGecko analytics, the price of Binance Coin (BNB) jumped from $319 earlier this morning and surged to $326 during later hours. It seems the announcement brought a short surge to the crypto’s price. Presently, the price of BNB is back to $319.  

In detail, Binance got its in-principle approval from the esteemed Astana Financial Services Authority (AFSA). With this, the exchange can begin to operate a digital asset trading facility within the nation. 

Additionally, it will also provide custody in the Astana International Financial Center (AIFC). Nevertheless, Binance will still have to complete its full application process. Only then, will Binance be able to operate its services within the nation’s borders. 

Founder and CEO of Binance — Changpeng Zhao (CZ) says, 

Kazakhstan has shown itself to be a pioneer in Central Asian crypto adoption and regulation.

He also adds how Binance is resolutely committed to being a compliance-first exchange. This way, the exchange will deliver products and services in a well-regulated and safe environment across the globe. 

Binance continues to wow the crypto community as it repeatedly works by putting its users first. This remains true despite the recent discussion on Reddit that gave Kraken the title of ‘favorite  crypto exchange’. 

Just last month, Binance met a few milestones when it came to serving its users. Firstly, Binance brought its Binance (BNB) card to Argentina. Before that, the exchange celebrated 5 years of bringing service provisions to users.     

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