Popular crypto exchange Binance today announced that it’s now officially accredited by the International Organization for Standardization, as a universally recognized information security management system.
The accreditation—ISO 27001—is recognized globally as a benchmark for good security practice. It also supports compliance with key European Union legislation, such as data protection law, EU GDPR, and NIS cybersecurity regulations. It will certainly ease the way for Binance to begin operations in a host of new jurisdictions, particularly in Europe.
Notably, the award was certified by not one but two world-renowned international accreditation bodies, Norway’s DNV and the U.K.’s UKAS.
DNV, is the world’s largest accredited registrar and UKAS is the sole national accreditation body recognized by the British government. It’s the first time either body has certified a crypto company, according to Binance.
Setting higher #SAFU standards for our industry. https://t.co/jZv85por0R
— CZ Binance (@cz_binance) September 24, 2019
“Security has always been the utmost priority for Binance and our users, and we are honored that Binance’s security management is recognized by the respected DNV and UKAS,” said Binance CEO, Changpeng Zhao in a statement. “Obtaining the ISO certification is one significant aspect of our security commitment to the industry and our community.”
Binance’s US exchange goes live with seven cryptocurrencies
Binance.US, the American outpost of crypto exchange giant Binance, launched today, offering up seven cryptocurrencies to citizens in 37 states. This marks the exchange’s first official steps into the US, giving it access to a large crypto-focused market. Trading will begin tomorrow at 13:00 UTC. “We believe we are just at the beginning of crypto adoption globally. There is room to grow for every organization in this space, and the industry will continue to get bigger in every country around the...
“SAFU” is a major consideration for Binance. In crypto-land, the term has become synonymous with “safe.” It was first used on YouTube when a YouTuber named Bizonnaci made a parody video using a tweet Zhao had sent in March 2018 that assured users that “Funds are safe”.
With its shiny new ISO, for which it was examined across 114 criteria (including security policy, asset management, operation security, information systems acquisition, development, and maintenance,) Binance will be hoping that it’s well on the way to nailing SAFU, meme and all.
