Bitcoin Forum

https://www.coindesk.com/binance-partners-with-ciphertrace-in-latest-compliance-push

Crypto exchange Binance announced today their partnership with blockchain analytics firm CipherTrace to enhance AML processes and improve compliance standards.

“Compliance is always a quest, you are always on a journey to improve your compliance.”

I honestly think we need this sort of compliance and it will only help people trust Binance as an exchange

This is true though Binance has already proven itself as one of the most reliable and popular cryptocurrency exchanges out there with time standing alongside heavyweights like Bittrex etc.

This new partnership will only help improve their safety standards which is a great move on their part.

I agree. they're a great example for other exchanges to follow foot.

Binace as the leading cryptocurrency exchange really need this sort of compliance partnership because this will further strengthen and improve the general service provision of the biggest exchange which will result into effective service provision and growth to the company.

I've been following binance and their coin BNB for about a year and I can say they are one of the fastest growing companies as you can see by the way if you take a look at the success of their coin. Now they have started to also collaborate with different partners and it's probably going to help them grow even more.

I think this partnership with ciphertrace is a smart choice especially if we know the government wants to get more involved. protecting people from large scams and risks is important. just look at the quadradiga case.... that could have been stopped if proper compliance was in place