Binance Secures Regulatory Approval in Poland

Binance Secures Regulatory Approval in Poland

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Binance Institutional

Binance, the world’s largest cryptocurrency exchange by trading volume has announced an expansion into another European country, as per Wednesday’s blog post.

“Binance is pleased to announce that it’s enhancing its local presence in Poland, alongside a continued commitment to full regulatory compliance,” Binance said in a blog post.

The exchange added that Binancians in Poland should be aware that the services offered to them by Binance are fully in compliance with the country’s financial watchdog standards.

Kyrylo Khomiakov, Binance’s Head of Ukraine and Eastern Europe, said: “The crypto industry needs effective and appropriate regulation to help with mainstream adoption of digital assets. We strongly believe that a stable regulatory environment can support innovation and is essential to establishing trust in the industry and long-term growth.”

“We welcome the initiatives of the Polish government towards regulation. Working together with regulators globally, we can ensure that consumers are protected while continuing to cultivate innovation and progress. And we at Binance continue improving our security systems and following the strictest KYC requirements in the industry, which enhances the safety of all our users,” Khomiakov added.

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