The crypto exchange giant Binance revealed that its UK subsidiary has 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, Binance 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.
“We are committed to working with both our industry peers and policymakers.”
Teana Baker-Taylor, UK director for Binance, said in a statement, “as a global leader in the digital asset industry, we are committed to working with both our industry peers and policymakers to facilitate discussion and education that foster sustainable policy development in the UK to support and promote a continued focus on financial services innovation.” In Australia, however, the advisory group oversees the overall fintech industry rather than just crypto. Other members of the body include Afterpay, Square, Stripe, and Transferwise.
Binance gets approval to provide crypto exchange services in Florida.
Crypto exchange giant Binance finally received regulatory approval to launch its services in the state of Florida. The US arm of Binance was launched only in 37 states, as the crypto exchange avoided states with more stringent requirements. The expansion to Floride, the third most populous state in the USA, is enabled by Binance.US’s July obtainment of a money transmitter license. The license to operate in Florida is good for two years and grants the crypto exchange access to what it covets most, a new market.
Binance has acquired many local crypto and blockchain companies around the world in the past few years. The crypto exchange giant provided a fiat-to-crypto platform for Australian users. Changpeng Zhao noted that they aim to make crypto more accessible among Australian users, furthering its mission to provide crypto access and drive freedom of money worldwide.