Binance announced the appointment of new directors in Russia and Ukraine

Binance, the world’s largest crypto exchange in terms of value traded, works hard to comply with the legal provision of the Commonwealth of Independent States (CIS), Russia and Ukraine.

Gleb Kostarev, the head of operations at Binance in Eastern Europe, said that the exchange is planning to expand the list of services available in the region and boost compliance with legal provision in the field of digital currencies. Besides, the company is looking to develop the Binance CIS community.

Hence, Binance reported on the appointment of new directors in Russia and Ukraine. Olga Goncharova, the former head of the Report processing department at the Central Bank of the Russian Federation, will be responsible for interaction with public authorities and communication with organizations representing the interests of financial market participants.

According to Goncharova, Binance keeps a strong focus on regulation and compliance in jurisdictions of operation. The company applies modern technologies and an innovative approach, which provide massive opportunities for development.

Vladimir Smerkis, co-founder of Tokenbox crypto platform and former Deputy Vice President of Mail.ru Group, was assigned as the director of Binance Russia. The part of his job will be the growth of the company in the country and cooperation with developers to work on Binance projects. Smerkis said that the exchange is in talks with the Bank of Russia in order to clarify the position of the regulator towards cryptocurrencies.

Kirill Khomyakov, who led the State Agency for Infrastructure Projects became the general manager of Binance Ukraine. His responsibilities will include communication with public authorities and civic organizations, consolidation of the company’s position in the national market and realization of a global marketing program.

Kostarev is sure that the knowledge and experience of the new directors will help to extend the exchange’s presence in Ukraine, Russia and Eastern European countries.

Last year, Binance CEO Changpeng Zhao announced that the company was going to give up the decentralized format and establish a headquarters. Binance offices may be placed in Ireland, France and the UAE. The exchange has recently got a licence to operate in Bahrain and Canada.

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