Binance increasingly presence in Poland in accordance with local regulations - Exchanges
Binance increasingly presence in Poland in accordance with local regulations - Exchanges
Binance has announced intentions to expand its activities in Poland, another EU member state in which the global cryptocurrency exchange is registered. The coin plans to expand its Polish unit, recruit local talents and start education initiatives.
Crypto Exchange Binance progresses with plans to expand the business in Poland
Binance, the world's largest trading platform for digital assets, is expanding its presence in Poland and in an announcement that it adheres to its obligation to comply with the state's provisions for virtual asset service providers (vasps).
Expansion in 2023 is facilitated by the development of the local unity of the company, which adheres to the regulatory requirements. have to sign new terms and conditions with Binance Poland to continue to use the services of the platform.
The subsidiary strives for a complete compliance with the Polish standards for vasps and will introduce corresponding risk and anti-money laundering guidelines, Binances Country Manager for Poland, Katarzyna Wabik, was cited in a blog post published on Wednesday.
"Our current focus is on successful user migration into the Polish unit and the development of local activities. We also prioritize local recruitment and talent search to strengthen our regional presence, to organize more events and to offer crypto formation in Poland," she explained.
Binance is already looking for specialists for his Polish company. Open places are currently available in the areas of compliance, finance and operation, the stock exchange pointed out.
According to Kyrylo Khomiakov, Head of Ukraine and Eastern Europe at Binance, the crypto industry needs effective regulation to support acceptance in the mainstream. He stated that a stable regulatory environment is essential to build confidence in the industry and long -term growth.
The regional board added that Binance welcomes the government's regulatory initiatives in Warsaw. He also noticed that the crypto exchange further improves its security systems and follows strict know-your-customer (KYC) requirements.
Poland is another EU member state in which Binance has received registration or licensing, whereby the growing list now includes France, Italy, Lithuania, Spain and Cyprus. The last official approval was from the Swedish Financial supervisory authority at the beginning of this month.
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