Binance now completely compliant in Poland
Binance now completely compliant in Poland
The world's largest cryptocurrency exchange-Binance-announced that their services in Poland are now completely compliant with the national regulatory standards for virtual asset service providers (vasps).
Polish users have to sign new terms and conditions at Binance Poland in order to continue to use the company's products.
- in a recent blog entry said that the update was the result of the platform, the customer "the best possible and safest experience" offer.
- Kyrylo Khomiakov - Binances Head for Ukraine and Eastern Europe - argued that the cryptocurrency sector has to work with global regulatory authorities to promote general acceptance.
"We welcome the Polish government's regulatory initiatives. By working with regulatory authorities, we can ensure that consumers are protected while we continue to cultivate innovation and progress," he added.
- Katarzyna Wabik-Country Manager from Binance for Poland-explained that the trading center fully fulfilled all Polish standards for vasps and has passed guidelines to combat money laundering.
- She said the company was watching the Eastern European country on talents and was ready to expand his team. Binance has also started to offer crypto education programs and organize events in the region.
- The exchange recently secured Official Approval by the Swedish financial supervisory authority after "months of constructive engagements".
- The license enabled local users to access several products and services, including the purchase and sale of digital assets with euros, withdrawals against this Fiat currency, missions and trade.
- Binance has received green light from many other European nations, such as Z France Spain, Cyprus and Lithuania.
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