The world’s largest cryptocurrency exchange – Binance – has announced that its services in Poland are now fully compliant with the local regulatory standards for Virtual Asset Providers (VASP).
Polish users must sign new terms with Binance Poland to continue using the company’s products.
- lately blog postsBinance said the update comes as a result of the platform’s intention to provide customers with “the best and most secure experience possible.”
- Kirillo Khomyakov – Binance’s Head of Ukraine and Eastern Europe – argued that the cryptocurrency sector needs to work with global regulators to increase mainstream adoption.
We welcome the Polish government’s initiative against the organization. And by working with regulators globally, we can ensure consumers are protected while continuing to grow innovation and progress.”
- Katarzyna Wabik, the country manager of Binance Poland, described that the trading venue fully complied with all Polish standards for VASP and adopted anti-money laundering policies.
- She said the company is exploring Eastern European countries for talent and is ready to expand its team. Binance has also started offering crypto education programs and organizing events in the space.
- exchange recently Believer Authority approval from the Financial Supervisory Authority after “months of constructive engagement”.
- The license allowed local users to access several products and services, including buying and selling digital assets in euros, withdrawing for that fiat currency, and betting and trading.
- Binance has received the green light from many other European countries in recent years, such as FranceSpain, ItalyCyprus and Lithuania.
Binance Now Fully Compliant Post in Poland appeared first on CryptoPotato.