Binance to strengthen local presence and compliance in Poland

Binance is strengthening its local presence in Poland and prioritizing secure user experience

Binance has announced its intention to strengthen its local presence in Poland, as well as an ongoing commitment to full regulatory compliance. The company’s priority is to provide users with the safest and most secure experience possible. Thanks to Binance Poland spółka z ograniczoną odpowiedzialnością (Binance Poland sp. z oo), the company’s entire Polish entity remained compatible With local regulations for virtual asset service providers.

Polish users will also be required to sign new terms and conditions with Binance Poland sp. z oo to continue using Binance services.

“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.” Binance’s Head of Ukraine and Eastern Europe, Kyrylo Khomiakov said.

Continuous expansion and organizational commitment

Binance’s plans for Poland in 2023 include increasing local development and adhering to Polish regulatory standards. Poland joins a A growing list Of the EU member states where Binance has been granted regulatory approval, including France, Italy and Lithuania, SpainAnd Cyprusand Sweden.

Katarzyna Wabik, Regional Director of Binance Poland, added that the company fully complies with Polish standards for VASPs. This step was taken to ensure that Binance Poland sp. z oo has adopted risk and anti-money laundering policies to match these stringent standards.

WAPIC added that their current focus is on successful user migration to the Polish entity and development of local operations.

Binance is currently focusing on successful user migration and on-premise development. It’s the order of priorities local recruitment And scouting talents to enhance its regional presence. According to their website, there are already job openings dedicated to the Polish entity, including compliance, finance and operational roles.

Binance sets the standard for all exchanges, and Europe has long been a challenging market for cryptocurrency exchanges. As Binance continues to expand into new territories, it is also increasing the exposure of cryptocurrencies to a wider audience, which is vital to the overall growth and development of the industry.

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