One of the world’s largest crypto exchanges Binance joined the Association of Russian Banks (ADB). About it RB.RU reported a representative of the exchange.
“The Presidium of the Association of Banks of Russia approved the entry of Binance into the association and decided to create an expert center on digital financial assets and digital currencies”, the statement said.
The entry of the exchange into the ADB, as specified, is dictated by the desire to establish a dialogue with the federal authorities, legislators, experts in the field of digital financial assets and digital currencies.
The expert council will “prepare professional judgments on the circulation of digital financial assets and digital currencies” and “summarize and disseminate international experience”. Olga Goncharova, GR-Director of Binance in Russia and the CIS, was appointed head of the expert center.
“Binance, as the largest cryptocurrency ecosystem worldwide, has solid experience in working with regulators. I am sure that our developments, our expertise will be positively perceived by the Russian banking community”, said Binance Eastern Europe director Gleb Kostarev.
According to CoinMarketCap (ranks and evaluates crypto exchanges based on traffic, liquidity, trading volumes), Binance ranks first in daily trading volume ($69 billion), followed by Coinbase Exchange, FTX, Kraken and Huobi Global.
At the end of January, the Russian government approved the concept of development of the cryptocurrency market, based on the proposals of the Ministry of Finance.