Binance Registers as Service Asset Provider in Poland

Binance Registers in Poland

Binance has completed the steps to becoming a Virtual Service Asset Provider (VASP) in Poland, becoming the seventh European Union member state to allow its citizens to buy and trade cryptos with Binance.

Binancians located in Poland are being asked to sign new terms of agreement with Binance Poland sp. z o.o., the new local entity fully compliant with VASP requirements, according to the Binance blog from January 18.

“We welcome the initiatives of the Polish government towards regulation. Working together with regulators globally, we can ensure that consumers are protected while continuing to cultivate innovation and progress,” said Binance’s Head of Ukraine and Eastern Europe, Kyrylo Khomiakov. “And we at Binance continue improving our security systems and following the strictest KYC requirements in the industry, which enhances the safety of all our users.”

Binance has plans to grow across Poland and Eastern Europe based on the latest development. The blog post confirmed Binance will increase “local talent acquisition, events, and educational initiatives” in Poland to strengthen its presence in the region.

“Our current focus is the successful user migration to the Polish entity and the development of local operations,” added Binance’s Country Manager for Poland, Katarzyna Wabik. “We’re also prioritizing local recruitment and talent scouting to help us strengthen our regional presence, organizing more events and delivering crypto education in Poland.”

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |