The world’s largest cryptocurrency exchange, Binance in a blog post today announced that it had resumed operation in Syria. In the announcement, the exchange highlighted the opportunities available to Syrian residents who participate in the digital asset economy, joining the vibrant community of over 270 million global users.
This development comes shortly after the suspension of US sanctions. As a result of this suspension, Syria is no longer classified as a Prohibited Country under the Binance’s Terms of Use. This also means that the exchange can now onboard and offer support to Syrian residents.
Similarly, it also includes full access to Binance products and services which include over 300 cryptos, spot and futures trading, staking and earn products, stablecoin.
Others benefits available to Syrian residents also includes Binance Pay for seamless cross-border remittances, educational content in Arabic, tailored for the local community and dedicated support to ensure users can onboard with confidence and trade securely.
Binance Japan receives security certification
Over the last few years, Binance has continually worked to ensure wide spread adoption of cryptocurrency. In May, the exchange’s Japan division secured a certification that attests to the safety of the cryptocurrency trading platform. The licenses, ISO/IEC 27001 and ISO/IEC 27701 were secured after a rigorous audit process.
The licenses was made available to the exchange by the British Standards Institution (BSI). As revealed, the internal audit evaluated the internal policies, governance systems, and operational control of its Japan’s branch.
Also in the same month, it formed a partnership with Bhutan, an Asian country known for its crypto-friendly stance, to launch cryptocurrency payment system for tourists. As revealed, the system made provisions for travelers to pay for services while in the country using cryptocurrencies. The partnership also provided support up to 100 different cryptocurrencies including Bitcoin, Ethereum, USDC, BNB, Solana, and many more.
In April, the exchange through its payment platform, Binnace Pay partnered with popular stablecoin issuer, Circle to expand the adoption of USDC. In addition, the exchange also adopted USDC as the default currency for Binance pay users.
Read More: