Blockchain for Europe, an important European association that Proponents of balanced regulation of the blockchain industrywelcomed the largest cryptocurrency exchange in the world.
Binance, the world’s leading crypto exchange by daily trading volume, joined Blockchain for Europe, the association announced on September 3rd.
When entering the group Binance follows industry leaders like Xipple-related Ripple, EOS developer Block.one, Fetch.ai and Blockseed Ventures.
In addition to the admission of a new member to the association, the Union appointed Binean UK COO Teana Baker-Taylor as new CEO.
Founded at the end of 2018, Blockchain for Europe is a major blockchain association that aims to promote proactive blockchain education and regulation across the continent. When it was founded, the association had four member companies, including Ripple, the NEM foundation, the intelligent ledger development company Fetch.AI and the start Emurgo related to Cardano.
Following the recent announcement, the club is now focusing on Responding to the European Union Action Plan on the Public Consultation on Combating Money Laundering and the Consultation on the Digital Services Law on Smart Contracts. The group is also contributing to the ongoing discussions on the market framework proposed by the European Union at the cryptocurrency consultation due to take place in December 2019.
Binance joined a number of regulation-related groups in 2020. In late August, the UK-based branch of the exchange joined the Association of the Self-Regulatory Industry. CryptoUK as an executive member. With the new membership Binance.UK will work with government policymakers to work with large companies like Coinbase, CryptoCompare and Ripple to develop a legal framework for digital assets in the country.
In June 2020, Binance also joined the Digital Asset Exchange Committee of the Internet and Mobile Association of India to contribute to the development of cryptos in the country.