The Appointment of Binance’s Kazakh General Manager as the Minister of Digital Development: Paving the Way for Comprehensive CBDC Implementation Next Year

In fact, Binance has obtained the provisional approval from the Astana Financial Services Authority (AFSA) in August 2022 to operate a digital asset exchange and provide custody services at the Astana International Financial Center (AIFC). At that time, Binance’s founder, Changpeng Zhao, stated that the National Bank of Kazakhstan would integrate and test its central bank digital currency, the digital tenge, on the BNB Chain.