The Australian branch of the crypto exchange giant Binance announced this week that it has partnered with Blockchain Australia, an industry body for Australian businesses and professionals in the blockchain space, to help advance the adoption of blockchain technology in the country. Binance Australia will assume a seat on Blockchain Australia as a part of the partnership, alongside other local industry experts, to advance blockchain adoption. Binance Australia CEO Jeff Yew said he is committed to working with industry peers to facilitate discussion and education to promote the use of blockchain technologies in Australia. Blockchain-related startup stories have increased significantly in the recent past.
“Australia needs to seize the opportunities presented by blockchain technology.”
In a statement from Binance, the largest cryptocurrency exchange in terms of trading volume, according to CoinMarketCap, Binance Australia’s CEO said that Australia needs to seize the opportunities presented by blockchain technology and digital currencies. Jeff Yew further noted that they are thrilled to join Blockchain Australia to use their voice to work with industry to promote a continued focus on financial services innovation. The CEO of Blockchain Australia, Steve Vallas, said that he was pleased to welcome Binance Australia to the industry network.
Binance joined the self-regulatory crypto industry in the UK.
Binance had revealed earlier that its UK subsidiary joined the self-regulating industry association UK and the Australian entity has become a part of the local fintech industry advocacy body Fintech Australia. As an executive member of the self-regulating industry association CryptoUK, the crypto exchange has joined the peer groups of Coinbase, Coin Shares, CryptoCompare, eToro, and Ripple, all of which are responsible for the association’s Code of Conduct, policy positions, and governance. Crypto news aggregator platforms can help you keep up to date with all crypto regulations.