Cryptocurrency exchange Binance has announced its partnership with a risk management company called IdentityMind to improve existing data protection and compliance measures.
The Chief Compliance Officer of Binance, Samuel Lim, claims the partnership strengthens the exchange’s compliance capabilities and its commitment "to re-invest in the blockchain ecosytem and grow it."
"We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide," he added.
IdentityMind focuses on complying of digital exchanges with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations all around the world.
Earlier, Binance announced its plans to introduce its new service Binance Lite in the Australian newsagents.
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