Leading crypto exchange Binance demonstrates commitment to making crypto industry safe for users

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One of the world’s largest cryptocurrency exchanges demonstrates a commitment to user safety, leading by example with compliance and regulatory mechanisms. (Sponsored)

“When the car was first invented, there weren’t any traffic laws, traffic lights, or even safety belts. Laws and guidelines were developed along the way as the cars were running on the road.”

Recognizing the value of regulation, it is no surprise that Binance has made it a part of its commitment to ensuring the safety of users when navigating the crypto sphere. By practicing what they preach, the exchange remains in alignment with all regulatory requirements, even before regulators enforce these measures.One of these initiatives has been Binance being among the first cryptocurrency exchanges to maintain a secure asset emergency fund .

Their commitment does not stop with these regulations, as Binance has recently expanded their compliance team. With a 500 percent increase from the previous year, many former FATF executives have joined the ranks to ensure the team complies with all local rules applicable to where they are operating.Leading by example has proven beneficial for Binance, who have since shared some promising updates with their community in response to their efforts. On Dec.

On Dec. 27, 2021, the Binance team shared additional news announcing the receipt of in-principle approval from the Central Bank of Bahrain , effectively making the Binance exchange the first regulator in the MENA region. Together these announcements signify the much loftier mission of increasing cryptocurrency adoption as a whole. While analysts estimate that the world is still in the early adopter phase, with the remaining 95% of people seeking out a regulated, licensed exchange with a local presence, it seems that Binance’s efforts are a clear step in the right direction.Cointelegraph does not endorse any content or product on this page.

 

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Good for all the users. I buying BTC with USDT there once.

We want luckyblock everywhere !!! Soon on time square !! 😍

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