Binance has entered into a partnership with the authorities of Kazakhstan

The largest crypto exchange Binance has signed an agreement with the Ministry of Digital Development of Kazakhstan. The main goal of this agreement is the development of the domestic market for digital assets.

On May 25, 2022, the head of the exchange visited Kazakhstan and met with the president of this state, as well as several high-ranking officials.

During the negotiations, CZ confirmed that Binance staff will advise Kazakhstan representatives on the creation of regulatory policies and legislation to control digital assets.

Also, as part of this process, it is planned to promote the development of technologies and the IT sector, as well as the integration of digital currencies into the banking system of Kazakhstan.

The exchange will help make Astana Hub the largest blockchain hub, and will also take part in the creation of a large venture fund and the Blockchain Technology Education Academy in the republic.

Recall that 2021 was a difficult year for Kazakhstan. Due to the influx of miners from China, the country has experienced an energy crisis. Because of this, the authorities were forced to restrict mining. Apparently now, with the support of Binance, Kazakhstan wants to strengthen its position in the global crypto market.

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