Binance has announced plans to expand its operations in Poland, another EU Member State where the global exchange of cryptocurrencies is recorded. The coin trading platform will expand its Polish entity, recruit local talent and launch educational initiatives.
Crypto Exchange BINANCE Moves Forward With Plans to Expand Operations in Poland
Binance, the world’s largest digital asset trading platform, is enhancing its presence in Poland, noting in an announcement that it maintains its commitment to comply with the country’s rules for virtual asset service providers (VASPs).
The expansion in 2023 will be facilitated by developing the local entity of the company that adheres to the regulatory requirements. Polish customers will have to sign new Terms and Conditions with Binance Poland in order to continue using the platform’s services.
The subsidiary aims to fully respect the Polish standards for vasps and will adopt policies of risk and fight against money laundering to match them, Country Director of Binance, Poland, katarzyna wabik, has been mentioned as saying in a blog post posted on Wednesday.
'We are currently concentrating on successfully migrating users to the Polish entity and developing local operations. We are also giving priority to local recruitment and talent screening to help us strengthen our regional presence, organize more events and offer cryptography training in Poland," she said.
Binance is already in search of specialists for his Polish business. Vacant positions are presently available in the areas of compliance, finance and operations, it was noted.
The crypto industry needs efficient regulation to assist in the dominant adoption, according to the binary leader of Ukraine and Eastern Europe, kyrylo khomiakov. A stable regulatory environment is essential to building confidence in the industry and for long-term growth, he added.
The regional executive added that binance praises the government's regulatory initiatives in warsaw. He also pointed out that crypto exchange continues to enhance its security systems and follows strict KYC requirements.
France, Italy, Lithuania, Spain and Cyprus are now part of the expanding list. It was last approved by the Swedish Financial Supervisory Authority at the beginning of the month.
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