Binance (BNB) Announced Membership In Mobile Association of India

Binance is a member of the Internet and Mobile Devices Association of India, as part of the Crypto-Assets Exchange Committee.

Image source: unsplash.com

In its blog, the cryptocurrency exchange Binance announced that the platform has become a member of Crypto-Assets Exchange Committee in Internet and Mobile Association of India.

Image source: Twitter @Binance

This partnership will help to implement the international practices, which will assist in the development of cryptocurrency exchanges and businesses in India.

Given their (Binance) hands-on experience of regulatory compliance in various countries, we are excited to work with Binance and other industry players in developing a constructive policy framework for crypto assets in India Gaurav Chopra, Vice President of IAMAI

IAMAI intends to collaborate with regulators and policymakers using a sustainable policy framework for crypto assets in India. These measures will support innovation and ensure adequate risk management and security measures.

The head of the cryptocurrency exchange, Changpeng Zhao (CZ), said that Binance will continue to support the development of cryptocurrency startups in India through its "Blockchain for India Fund"

But it's not all that easy and the Association still has a lot to do. Let us recall that the Indian Government recently decided to introduce legislation ban on cryptocurrencies.

#India #Binance

Alex Dudov E-mail

Alex has been creating articles for several crypto projects for three years. He is interested in cryptocurrencies and financial markets, more so in cryptocurrencies.