Binance Polish News reportBinance, the largest login password exchange, said on Wednesday that it was improving its local business processes in Poland and announced full compliance with local laws and regulations. Binance Polish entity Line will now operate as a virtual asset service provider (VASP), the company said. In addition, in order to comply with Polish laws and regulations, users in the country where Binance is registered will sign a new condition to facilitate the continued use of the service.

Regulatory compliance applies to all

The company also described its unremitting efforts to recruit a large number of employees for Binance Poland. The exchange is looking to boost its local profile based on a variety of positions. Binance published this information in a blog post and outlined future business plans. The exchange's plan to upgrade its foreign cornerstone comes as it encounters a sensitive phase in December 2022. After Binance was blamed for a lack of clarity about its customers' savings, the exchange saw a group of customers withdraw their property because of anxiety and variability.

Binance Polish management Katarzyna Wabik indicated that the company is currently working on a good transfer of users to Binance Polish physical line. She admits that this has also been accompanied by an improvement in local business.

We fully comply with the Polish VASP specification and have developed this process to ensure that Binance Polish companies have implemented the existing risk and compliance management policy to comply with this stringent standard. "

For institutional investors

Previously, the company announced plans to allow institutional investors to keep collateral for leveraged positions outside the password exchange. The plan will represent the imminent arrival of institutional investors in providing collateral to Binance custodians. The latest measures released by the largest exchange are likely to be called measures to attract institutional investment, which has been stripped of its institutional investment qualification in recent weeks.