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Binance joins sanctions association to improve compliance standards

Photo: Getty Images

The move signals a desire to fall in line with regulators following several industry scandals.

The world’s largest cryptocurrency exchange, Binance, announced on Friday it would become the first crypto exchange to join the Association of Certified Sanctions Specialists (ACSS).

“We aim to leverage ACSS training materials, databases, and networks to further compliance standards within the crypto industry,” the company said in a press release