The Central Bank of Azerbaijan announced that the draft of the crypto asset market regulation bill has been completed and submitted for review, with expectations to roll it out by the end of this year. According to the bill, businesses engaged in crypto asset activities must obtain a license issued by the central bank to operate and will be subject to ongoing supervision. The bill also requires relevant companies to implement compliance measures such as anti-money laundering (AML), counter-terrorism financing (CTF), and Know Your Customer (KYC) protocols. The Central Bank of Azerbaijan stated that this bill is part of the country's 2027–2030 financial market development strategy. Previously, Olga Goncharova, Binance's Head of Government Relations for the CIS region, mentioned that Binance is in discussions with the Central Bank of Azerbaijan about contributing to the development of the local crypto market regulatory framework. (Bits media) https://www.(wublock123.com)/news/azerbaijan-crypto-regulation-bill-central-bank-licensing-63686