<p><span style="font-weight: 400">Crypto exchange Binance signed an agreement with Kazakhstan’s Financial Monitoring Agency to formalize their shared interest in developing the digital asset market in the country. </span></p> <p><span style="font-weight: 400">The ‘memorandum of agreement’ expresses mutual support in developing cryptoasset and data circulation as well as targeting illicit trade.</span></p> <p><span style="font-weight: 400">Binance “plans to expand its Kazakhstani office”, Kazakh President Kassym-Jomart Tokayev </span><a href="https://www.inform.kz/en/world-s-largest-crypto-exchange-binance-builds-a-hub-in-kazakhstan-for-the-entire-region_a3984292" target="_blank" rel="noopener"><span style="font-weight: 400">said</span></a><span style="font-weight: 400"> in a plenary discussion last Wednesday, explaining that the exchange plans to build a “hub for the entire region.”</span></p> <p><span style="font-weight: 400">Binance received </span><a href="https://www.binance.com/en/blog/ecosystem/binance-secures-preliminary-regulatory-approval-to-operate-in-kazakhstan-8070712715201585813" target="_blank" rel="noopener"><span style="font-weight: 400">authorization</span></a><span style="font-weight: 400"> to operate in the country in August from the Astana Financial Services Authority. The exchange giant also signed an </span><a href="https://www.binance.com/en/blog/ecosystem/binance-signs-mou-with-the-ministry-of-digital-development-of-the-republic-of-kazakhstan-421499824684903899" target="_blank" rel="noopener"><span style="font-weight: 400">agreement</span></a><span style="font-weight: 400"> with the Ministry of Digital Development of Kazakhstan in May when Binance CEO CZ met with President Kassym-Zhomart Tokayev and other top Kazakh officials. </span></p> <p><span style="font-weight: 400">The developments in Kazakhstan are part of Binance’s wider global law enforcement training program to link up local and international financial authorities to “fight together against cyber and financial crimes globally,” as CZ said in a </span><a href="https://twitter.com/cz_binance/status/1576864543564701696" target="_blank" rel="noopener"><span style="font-weight: 400">tweet</span></a><span style="font-weight: 400"> announcing of the news.</span></p> <p><span style="font-weight: 400">The training program is already completed in France, Germany, Italy, the UK, Norway, Canada, Brazil, Paraguay and Israel, as Binance continues to seek approval and registration in countries worldwide. </span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>