Crypto exchange Binance has joined the Association of Banks of Russia in order to engage in a dialogue with federal authorities, legislators, experts in the field of digital financial assets and digital currencies, the cryptocurrency company said in a press release.
The Presidium of the Council of the Association of Banks of Russia has approved Binance's entry and decided to create an Expert Center for Digital Financial Assets and Digital Currencies. The purpose of the Expert Center is to prepare professional opinions on the circulation of digital financial assets and digital currencies, to provide the working bodies of the Association of Banks of Russia and its representatives with analytical and expert materials on this subject, and to generalize and disseminate experience internationally.
One of the tasks of the Expert Center will be to ensure a dialogue with federal authorities, legislators, experts in the field of digital financial assets and digital currencies.
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Introducing Olga Goncharova, President of the Association of Russian Banks Georgy Luntovsky noted:
"We are creating an Expert Council for the future and we have high hopes for the arrival of Olga Alexandrovna. She has big plans to conduct a review of the circulation of digital currencies, organizing events on this topic. And, in our opinion, she is a good candidate to lead the platform where the expert community could discuss approaches to regulation and development of digital financial assets."
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Binance's head of Eastern Europe, Gleb Kostarev, said:
"We are on the verge of a global transformation in the field of crypto regulation. We are pleased to join the Association of Russian Banks, this is a very important step for us. Binance, as the world's largest crypto ecosystem, has a strong track record of working with regulators. I am confident that our developments and expertise will be positively received by the Russian banking community."