A leading European association ‘Blockchain Europe’ advocating for the balanced regulation of the blockchain industry, has welcomed the global leading crypto exchange.
The leading exchange ‘Binance’ by daily trading volume globally, has joined Blockchain for Europe, the association revealed on 3rd Sept.
By entering the group, Binance follows leading industry firms like XRP-related firm Ripple, EOS developer Block.one, Fetch.ai, as well as Blockseed Ventures.
Alongside welcoming a new member within the association, Blockchain for Europe appointed Binance’s head of operations within the United States, Teana Baker-Taylor, as its new board chairman.
Founded earlier in the year 2018, Blockchain for Europe is a leading blockchain association within Europe that aims to market education & proactive regulation of blockchain across the continent. At the launch, the association featured four member firms along with Ripple [XRP], the NEM Foundation, smart ledger development firm Fetch.AI, & Cardano-related startup Emurgo.
In line with a recent official announcement from Blockchain for Europe, the association is now focused on responding to the EU’s action plan on AML public consultation and therefore the Digital Services Act consultation on smart contracts. The group is additionally contributing to ongoing discussions on the proposed EU framework for markets in cryptocurrencies consultation conducted earlier in last year.
Binance has joined several regulatory-related groups within this year in 2020. In late August, the exchange’s United Kingdom-based arm joined the self-regulating ecosystem association CryptoUK as an executive member. With the new membership, Binance.UK will be working with government policymakers to develop a regulatory framework for cryptocurrencies within the country alongside leading firms like Coinbase, CryptoCompare, and Ripple.
Also earlier in June this year, Binance also joined the web & Mobile Association of India’s digital asset exchange committee to contribute to cryptocurrency development within the country.