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Binance obtains regulatory approval to provide its services in Poland

Binance obtains regulatory approval to provide its services in Poland

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Answer Binance obtains regulatory approval to provide its services in Poland

Cryptocurrency exchange Binance has announced that its services in Poland are now fully compliant with the local regulatory standards for Virtual Asset Service Providers (VASP).

Polish users are required to sign new terms and conditions with Binance Poland to continue using the company’s products.

in a post Blog Recently, she told Binance that the update comes as a result of the platform’s intention to provide customers with the best and most secure experience possible.

Kyrilo Khomyakov, Head of Binance Ukraine and Eastern Europe, argued that the cryptocurrency sector needs to cooperate with global regulators to boost mainstream adoption.

added:

We welcome the initiatives of the Polish government towards regulation.

Read:Learn about the first football club to decide to pay the salaries of its players with “digital currencies”

By working with regulators globally, we can ensure consumers are protected while continuing to grow innovation and progress.

Binance Poland manager Katarzyna Wabik explained that the trading venue fully complied with all Polish standards for VASP and adopted anti-money laundering policies.

She said that Binance is eyeing the eastern European country for talent and is ready to expand its team.

Binance has also started offering crypto education programs and organizing events in the region.

Binance recently received regulatory approval from the Swedish Financial Supervisory Authority after months of constructive engagement in the region.

The license allowed local users to access several products and services, including buying and selling digital assets in euros, fiat withdrawals, storage, and trading.

Binance has received the green light from several European countries over the past few years, such as France, Spain, Italy, Cyprus and Lithuania, and is still working on expanding the list of countries in which it is active.

Read:After the news of price gouging spread…the head of products for the “OpenSea” platform announces his resignation from his position

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