A collaboration has been established between CipherTrace, Blockchain Security Company and cryptocurrency exchange Binance as an effort in building a robust compliance program. The Chief Compliance Officer of Binance, Samuel Lim explained, “This partnership will bolster our existing world-class AML compliance program and help us expand into new markets in the most compliant fashion.”
The CEO of Binance, Chang Peng Zhao have expressed said that key to their success is their strong self-regulation. The COO of Binance, Samuel Lim also explained, “We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.”
Cryptocurrency exchange, Binance have recently stepped up its strategy by announcing their plan to launch a cryptocurrency service at the Australian newsstands. The service will only be provided and made available to the users after they have passed the verification of personal data and our compliance with the KYC/AML requirements set by the country’s financial watchdog.
A mobile cryptocurrency wallet acquired by Binance, TrustWallet have recently shared that they’re now supporting the Zerocoin protocol’s native token Zcoin (XZC). Trust Wallet Founder Viktor Radchenko have explained, “For us, it is very important to support as many privacy feature coins as possible, so our users can have the power to make there own choices.”
The public testing for the decentralized exchange platform by Binance has been recently launched for to the public. The CEO of Binance, Changpeng Zhao then commented, “With Binance DEX, we provide a different balance of security, freedom, and ease-of-use, where you take more responsibility and are in more control of personal assets.”
The Product Hunt portal which mainly presents new online products and services to customers have recently ranked Binance Academy in the third place for the most popular portals. Apart from that, the Product Hunt portal has also listed the other cryptocurrency related services such as Robinhood trading platform and Earn.com in their recent list.
Binance, Crypto-exchange have announced their plan to delist five digital assets listed in the platform soon. They are: MOD, SALT, SUB, WINGS and CLOAK. Binance has previously shared that they have stricten the reviews for digital asset to be listed in their platform and clearly stated that any coins that don’t meet the criteria will be delisted.
A fundraising channel has been launched by Binance Charity Foundation to aid the Malta national Charity. Binance spear headed donation by giving $100k in cryptocurrency. Its CEO, Changpeng Zhao then explained, “Binance is just doing our part to contribute to people who are in need. Charity is one of those areas where everyone should help out if they can.”
The CEO of Binance, Changpeng Zhao have recently described 2018 as the “correction year” for the cryptocurrencies industry. Zhao remains positive towards the future of cryptocurrency market although it has brought many losses to the traders this year and commented that the downtrend didn’t affect the plan he made for Binance at all and will continue to strive aggressively.
Binance will be launching its own blockchain called as Binance Chain in the coming months. The blockchain would help in the creation of new cryptocurrencies and ICO tokens. The project is believed to support the issuance of tokens at ease. Company’s CEO Changpeng Zhao said that Binance’s business is very stable despite trade volume drop and slump in crypto markets.
