{"id":16666,"date":"2023-01-20T08:03:26","date_gmt":"2023-01-20T08:03:26","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-to-increase-presence-in-poland-in-compliance-with-local-regulations-exchanges-bitcoin-news\/"},"modified":"2023-01-20T08:03:26","modified_gmt":"2023-01-20T08:03:26","slug":"binance-to-increase-presence-in-poland-in-compliance-with-local-regulations-exchanges-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-to-increase-presence-in-poland-in-compliance-with-local-regulations-exchanges-bitcoin-news\/","title":{"rendered":"Binance to Increase Presence in Poland in Compliance With Local Regulations \u2013 Exchanges Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives.<\/strong><\/p>\n

Crypto Exchange Binance Moves Forward With Plans to Expand Operations in Poland<\/h2>\n

Binance, the world\u2019s 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\u2019s rules for virtual asset service providers (VASPs).<\/p>\n

The expansion in 2023 will be facilitated by the development of the company\u2019s local entity which adheres to the regulatory requirements. Polish customers<\/a> will have to sign new Terms and Conditions with Binance Poland<\/a> in order to continue using the platform\u2019s services.<\/p>\n

The subsidiary aims at full compliance with the Polish standards for VASPs and will adopt risk and anti-money laundering policies to match them, Binance\u2019s Country Manager for Poland, Katarzyna Wabik, was quoted as saying in a blog post published Wednesday.<\/p>\n

\u201cOur current focus is the successful user migration to the Polish entity and the development of local operations. We\u2019re also prioritizing local recruitment and talent scouting to help us strengthen our regional presence, organizing more events and delivering crypto education in Poland,\u201d she detailed.<\/p>\n

Binance is already looking to hire specialists for its Polish company. Vacancies are currently available within compliance, finance, and operations, the exchange pointed out.<\/p>\n

The crypto industry needs effective regulation to help with mainstream adoption, according to Binance\u2019s Head of Ukraine and Eastern Europe, Kyrylo Khomiakov. He elaborated that a stable regulatory environment is essential to establishing trust in the industry and long-term growth.<\/p>\n

The regional executive added that Binance welcomes the regulatory initiatives of the government in Warsaw. He also remarked that the crypto exchange continues to improve its security systems and follows strict know-your-customer (KYC) requirements.<\/p>\n

Poland is another EU member state where Binance has been granted registration or licensing, with the growing list now including France, Italy, Lithuania, Spain, and Cyprus. Its latest regulatory approval was issued<\/a> by Sweden\u2019s Financial Supervisory Authority earlier this month.<\/p>\n

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\nTags in this story
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activities<\/a>, approval<\/a>, Binance<\/a>, Binance Poland<\/a>, Crypto<\/a>, crypto assets<\/a>, crypto exchange<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, Exchange<\/a>, expansion<\/a>, License<\/a>, operations<\/a>, Poland<\/a>, polish<\/a>, Polish entity<\/a>, registration<\/a>, Regulation<\/a>, Regulations<\/a>, service providers<\/a>, VASPs<\/a>, virtual assets<\/a><\/div>\n<\/div>\n

Why do you think Binance seeks to acquire regulatory approvals in individual EU member states? Tell us in the comments section below. <\/strong><\/em><\/p>\n

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\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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