Binance Joins Bank of Russia’s Association

Although the world’s largest cryptocurrency exchange Binance has suspended its services in countries like Israel due to licensing issues, however, the firm continues to deepen its ties with Russia. On Thursday, Binance announced its entry into the Association of Banks of Russia. “Binance, the world’s leading blockchain ecosystem in the Association of Bank of Russia to provide a dialog with federal authorities, legislators, experts in the field of digital financial assets and digital currencies.” Association of Bank of Russia was founded in 1990, the association includes more than 300 banks and financial institutions in Russia, accounting for 90 percent of the country’s banking infrastructure. The objective of the center is to compile professional reviews on the circulation of digital assets and digital currencies in Russia. Additionally, to provide the association with data and reports on the international experience of managing crypto assets. Olga Goncharova has been appointed to lead the Association’s Expert Center for Digital Financial Assets and Digital Currencies, approved by Association’s Presidium Council. Goncharova joined Binance in January to assist with compliance efforts in Russia and CIS. She was a Department Director at the Bank of Russia before joining hands with Binance. Association President Georgy Luntovsky states that Goncharova’s responsibilities would be limited to monitoring the circulation of digital cur...