Binance Joins Russian Banking Association

Reading Time: < 1 minute

Crypto exchange Binance has become a member of the expert center of the Association of Russian Banks. Representatives of the exchange have explained that the aim of this move is to start a dialogue with federal authorities and experts in the field of digital currencies.

The exchange said in a statement:

“The Presidium of the Council of the Association of Banks of Russia has approved the entry of Binance into the association and has decided to create an expert center for digital financial assets and digital currencies.”

The expert center under the association will prepare professionally substantiated documents on the circulation of digital currencies in the country, provide expert and analytical materials, generalize international experience. Olga Goncharova, director for “interaction with state bodies” in Russia and the CIS countries, has been appointed head of the expert center. Prior to joining Binance, Goncharova led the Reporting Collection and Processing Department at the Central Bank of Russia for the past seven years. In addition, Goncharova also led several Bank of Russia projects related to fintech and digital transformation.

Gleb Kostarev, Director of Binance for Eastern Europe, has said:

“Binance, as the largest cryptocurrency ecosystem in the world, has a solid track record of working with regulators. I am sure that our developments, our expertise will be positively received by the banking community of Russia.”

Follow and like us on