{"id":51406,"date":"2023-06-06T17:22:10","date_gmt":"2023-06-06T21:22:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=51406"},"modified":"2023-06-06T19:43:55","modified_gmt":"2023-06-06T23:43:55","slug":"binance-secures-licenses-in-europe-other-various-territories","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-secures-licenses-in-europe-other-various-territories\/","title":{"rendered":"Binance Secures Licenses in Europe, Other Various Territories"},"content":{"rendered":"\n

Binance has obtained the ISO 27001 and ISO 27701 certifications<\/a> for information security governance and privacy information management.<\/p>\n\n\n\n

\"Binance
Binance Secures Licenses in Europe, Other Various Territories<\/figcaption><\/figure>\n\n\n\n

A-LIGN, a global security and compliance firm, granted Binance these certificates after conducting a thorough and comprehensive evaluation of the exchange's operations.<\/p>\n\n\n\n

Binance receives certifications for worldwide security and privacy<\/h2>\n\n\n\n

Despite facing a securities violation case from the U.S. Securities and Exchange Commission <\/a>(SEC), Binance, the world's largest bitcoin (BTC) trading platform, has successfully obtained two certifications. <\/p>\n\n\n\n

The certifications in question are the ISO 27001 and ISO 27701, which focus on information security governance and privacy information management. <\/p>\n\n\n\n

A-LIGN, a global external auditor and security\/compliance organization with a tech-focused approach, awarded these certifications to the exchange. The exchange stated that the certifications were granted after a comprehensive evaluation of the security and privacy aspects of its operations. <\/p>\n\n\n\n

Notably, these certifications span multiple countries, including France, Bahrain, and the United Arab Emirates<\/a> (UAE). Jimmy Su, Binance's chief security officer, expressed his satisfaction with this achievement. <\/p>\n\n\n\n

He emphasized the importance of information security governance as a crucial element for contemporary organizations. However, this award demonstrates that the exchange complies with global security and privacy standards. Jimmy Su, the chief security officer for Binance, said:<\/p>\n\n\n\n

\n

“Users and clients on our platform can be assured that their assets and information are protected in line with the latest global standards. We have a team of experienced security professionals that are Binance improving, adapting, and innovating to ensure that Binance remains at the forefront of safeguarding the blockchain ecosystem.”<\/p>\n<\/blockquote>\n\n\n\n

Following the recent SEC enforcement action, Binance experienced a significant impact with over $70 million in net withdrawals within a 24-hour period. <\/p>\n\n\n\n

This event, along with market-wide turmoil, has made Binance, a subject of FUD (fear, uncertainty, and doubt) in recent months.<\/p>\n\n\n\n

Despite the substantial outflows amounting to over $700 million, on-chain data from CryptoQuant reveals that these withdrawals are relatively insignificant when compared to Binance's reserve funds\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

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Binance Exchange On-Chain Analysis in the Context of CFTC-SEC-Binance Lawsuit Cases

On a nominal basis, Binance has experienced large net outflows of Bitcoin and Ethereum after today's SEC lawsuit announcement.

Details on the thread\ud83e\uddf5<\/p>— CryptoQuant.com (@cryptoquant_com) June 6, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

According to CoinMarketCap, the current global crypto market capitalization stands at $1.09 trillion. This represents a decline of 3.84% in the last 24 hours.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance has obtained the ISO 27001 and ISO 27701 certifications for information security governance and privacy information management. A-LIGN, a global security and compliance firm, granted Binance these certificates after conducting a thorough and comprehensive evaluation of the exchange’s operations. Binance receives certifications for worldwide security and privacy Despite facing a securities violation case from […]<\/p>\n","protected":false},"author":43,"featured_media":51408,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,4685],"class_list":["post-51406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-europe"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/croc_1686084100283.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/51406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=51406"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/51406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/51408"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=51406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=51406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=51406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}