Chain News by Thebittimes.Com

The central bank of Kazakhstan intends to use Binance’s blockchain platform Bnb Chain for the deployment of its upcoming digital currency. The decision was made public on social media by Changpeng Zhao, the chief executive of the global crypto exchange which was recently licensed to work in the country. Kazakhstan to Employ Binance Blockchain Infrastructure for Its Central Bank Digital Currency Project Kazakhstan’s monetary authority is going to integrate its central bank digital currency (CBDC) into the Bnb Chain developed by Binance, the founder and CEO of the world’s leading crypto trading platform, Changpeng Zhao (CZ), announced on Twitter. Binance was recently granted license to provide a range of services for digital assets , including exchange and custody, while operating from the Astana International Financial Center (AIFC), the Central Asian nation’s financial hub . National Bank of Kazakhstan (NKB) will integrate their CBDC on @BNBchain. #BNB h...

Authorities in Kazakhstan have granted Binance a license to operate as a digital asset platform and provide an array of relevant services. While working out of the nation&#x2019 ;s financial hub in the capital Nur-Sultan, the crypto exchange will offer registration to customers from other countries as well. Crypto Exchange Binance Receives License to Operate From Kazakhstan Binance, the world’s leading cryptocurrency exchange by daily trading volume, has been granted a permanent license by the Astana Financial Services Authority (AFSA), the regulatory body that oversees the Astana International Financial Center (AIFC), Kazakhstan’s financial hub . The license will allow Binance to extend its services as a digital asset platform operator and work from AIFC as a custodial service provider for global clients. The financial center is based in Kazakhstan’s capital Nur-Sultan (formerly Astana). The move comes after Binance obtained preliminary approval in August. T...