Through a press release, Binance today announced that it has joined Blockchain for Europe, an association that includes leading names in the crypto and blockchain industry such as Fetch.ai, Ripple, Block.one and Blockseed Ventures.
This association was founded with the intent to bring together the major players in this sector and create a collaboration with regulatory bodies so as to obtain support for all regulatory decisions and, with the contribution of industry players, it is possible to best define the parameters within which to build an ideal legal framework that damages no one.
Binance is now part of this association, and the person chosen to represent them is Teana Baker-Taylor, also director of Binance UK, who commented on the news:
“As a global leader in the digital asset industry, Binance is committed to working with policy makers to educate and support the development of informed and effective governance models that promote the overall growth of the blockchain ecosystem. We’re delighted to join Blockchain For Europe to collaborate with some of the industry’s top companies to advocate for blockchain technology and tokenisation innovation in Europe”.
With the entry of Binance, the largest crypto exchange, the association will be able to boast their experience, explained the Chairwoman of the Board of the Blockchain for Europe, Maria Minaricova:
“At Blockchain for Europe we are very excited to welcome Binance, the world’s largest cryptocurrency exchange, to join our global team of blockchain industry leaders. Together we will continue to support European regulators and policy-makers in their efforts to unlock the potential of blockchain technology and to ensure Europe remains at the forefront of the technological innovations that will shape our future”.
The association’s task is to respond to the European Union’s action plan for consultation on AML (Anti Money Laundering), the Digital Services Act (DSA), smart contract consultation and also to contribute to the discussion within a framework for markets involving assets and cryptocurrencies.
This announcement comes a few days after Binance joined the Crypto UK association and so the exchange team will be able to act as a bridge between the different realities that will be outlined in the future in the crypto sector, especially in terms of regulation.