Binance Plans Regional Settlement Hub in Kazakhstan with National Bank

Binance has signed memoranda with Kazakhstan's National Bank and other entities to establish a local payment entity for regional settlements linked to digital-asset transactions.

The proposed hub would handle payments and settlements for clients in Central Asia, the CIS, and Eastern Europe, giving Binance a licensed payments base in Kazakhstan.

Kazakhstan is trying to turn its new first-category payment organisation licence into a regulated channel for crypto-linked regional settlement, with part of Binance's regional payment infrastructure and operations set to be based in Kazakhstan.