Binance enters a major banking association in Russia amid local lawmakers struggling to develop crypto regulations.
over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia.Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with local authorities, lawmakers and experts in the cryptocurrency industry.over 300 banks and financial institutions in Russia, covering nearly 90% of the country’s banking infrastructure.
Olga Goncharova, Binance's director in Russia and Commonwealth of Independent States , took the lead of the association's expert center, approved by the association's presidium council. Goncharovato push compliance efforts in Russia and CIS. Before joining Binance, she worked as a department director at the Bank of Russia.
Gleb Kostarev, director at Binance’s Eastern Europe division, expressed confidence that Binance’s expertise in the crypto market will be positively received by the Russian banking community.
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