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Crypto exchange Binance joins the Association of Banks of Russia

Crypto exchange Binance entered the expert center for digital financial assets of the Association of Banks of Russia (ADB). This was reported by the press service of the trading platform.

“Binance announces its membership in the Association of Banks of Russia in order to provide dialogue with federal authorities, legislators, experts in the field of digital financial assets and digital currencies,” the message says.

The Presidium of the ADB Council approved the entry of Binance into the association and decided to create an expert center for digital financial assets and digital currencies.

The main objectives of the expert center are to prepare opinions on the circulation of cryptocurrencies, provide ADB working bodies with materials on this topic and generalize international experience with further dissemination in Russia.

Binance is the world's largest blockchain ecosystem and cryptocurrency infrastructure provider, including a digital asset exchange.

On February 16, the head of the Ministry of Finance, Anton Siluanov, said that it was impossible to ban cryptocurrency in Russia. He called for bringing cryptocurrencies to the legal field, as well as setting a limit on investments in cryptocurrencies for unqualified investors in order to reduce risks.

Crypto exchange Binance joins the Association of Banks of Russia