Binance joins ACSS to stay in compliance with global sanctions

Binance became the first ever Crypto exchange in the market to join the Association of Certified Sanctions Specialists.

Binance is a popular Crypto exchange. Due to better services, the exchange stands at first rank. This exchange is licensed in several countries as a part to become a globally licensed Crypto platform.

In 2021, Binance faced significant regulatory action from multiple Countries’ regulatory bodies. In response, Binance exchange decided to secure licences in almost every country of the world.

On 6 Jan 2023, Binance exchange announced that the exchange joined the Association of Certified Sanctions Specialists (ACSS).

The ACSS agency will teach the Binance compliance team to secure skills to comply with the financial sanction policies.

Chagrin Poyraz, the global head of sanctions at Binance exchange, said that the Crypto industry is still in the early phase of growth & development, So we must follow compliance amid a fast-evolving space.

Further, he added:

“At the end of the day, we want to continue setting the industry standard for security and compliance alongside other industry players.”

In short, Binance exchange will be able to provide services globally without any big regulatory heat because the exchange will follow all the financial restricted guidelines in advance.

Just a few days ago, Binance Pay, a Crypto payment subsidiary of Binance exchange, announced its partnership with the Ukrainian pharmacy chain “ANC Pharmacy”. Under the partnership, ANC Pharmacy & its affiliated stores will accept payments in Cryptocurrencies with the help of BinancePay.

This exchange always remains ready to jump into new Crypto related innovative ideas. In the past, Binance sponsored many educational events related to Crypto & blockchain education. Binance CEO Changpeng Zhao (CZ) believes that education is key to Crypto adoption.

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