The Association of Banks of Russia has launched a dedicated expert center focused on cryptocurrency regulation.
Amid Binance halting its services in countries like Israel over licensing matters, the world’s largest cryptocurrency exchange by trading volume continues strengthening relations with Russia.Binance announced Thursday its entry into the Association of Banks of Russia, aiming to facilitate dialogue with local authorities, lawmakers and experts in the cryptocurrency industry.Founded in 1990, the association includes over 300 banks and financial institutions in Russia, covering nearly 90% of the country’s banking infrastructure.The association’s council has approved Binance’s membership in the association, launching a dedicated expert center for digital financial assets and digital currencies.