Binance has received endorsement from some big names. The company is proud.
Binance made this announcement via Twitter.
That said, it is one of the first crypto platforms to gain such a prestigious standard. The exchange disclosed that it got this award after fulfilling all the requirements of the IOS.
CEO of Binance, Changpeng Zhao commented: “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”.
He also added that: “Obtaining the ISO certification is one significant aspect of our security commitment to the industry and our community.”
The ISO 27001 is the blueprint for an information security management system (ISMS). It assesses security practices. And endorses total compliance with key European Union legislation, for instance, NIS cybersecurity regulation, EU GDPR, and data protection law. This accreditation will most likely open doors for Binance into new terrains, especially areas with strict crypto regulations.
What’s even more important is that two top international accreditation organizations have also endorsed it. They include Norway’s DNV and United Kingdom’s UKAS. DNV is the largest accredited registrar in the world. UKAS, on the other hand, is the only accreditation body that the British government recognizes.
Closer to VeChain
— TokenVision (@TokenVision99) September 24, 2019
Crypto_Steve has also responded, saying: “registered on the VeChainThor blockchain.”
Binance hasn’t responded to the tweets (press-time).
All in all, the accreditation is important since Binance has undergone some hardships lately. Following the hack in May, the exchange lost over $4 million. There was also a drama surrounding the leak of KYC.