One of the major crypto exchange in the market, Binance has revealed that some big names in the industry are doing its endorsement. The firm revealed the news on Twitter and they stated they are the first-ever crypto network to receive such an honorable position. They further revealed that they received this reward only after completing all the necessities of the ISO.
Changing Zhao, the CEO of Binance is really happy about the development and honor the firm has received such as honor in the market. He stated,
“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 further added,
“Obtaining the ISO certification is one significant aspect of our security commitment to the industry and our community.”
#Binance has received ISO27001 accreditation, certified by the DNV & UKAS, two world-renowned international accreditation bodies.
— Binance (@binance) September 24, 2019
The Binance is doing really great in the past time, but the exchange experienced a hack of $4 million. Also, the KYC thing disturbed it, but however, the exchange was also extended the firm into the U.S. Now the crypto exchange has got ISO certification. The ISO 27001 is the draft for an ‘information security management system’ or ‘ISMS’.
It evaluates security practices and also it’s advocacy total conformity with the important European Union legislation. For example, EU GDPR, NIS cybersecurity regulation, and data protection law. This certification will possibly unlock many doors for Binance into new areas and also towards those regions who hold strict crypto policies.
The endorsement of the Binance is done by two of the most popular Multination level certification organizations. One is the DNV of Norway and the second is the UKAS of the United Kingdom. In these two DNV is the biggest registrar for the certification on the international level and on the other hand, UKAS is the only certification authority allowed by the British government.
DNV GL is a major stakeholder and partner of VeChain, vechain is providing blockchain-based insurance solutions which will improve the efficiency and increase the auditability of documentation.
Most interestingly, the Token Vision replied and said that now the Binance exchange is closely related to the VeChain.
— TokenVision (@TokenVision99) September 24, 2019
Another user of Twitter ‘Crypto_Steve also replied with “registered on the VeChainThor blockchain.”
registered on the VeChainThor blockchain ⚡️ pic.twitter.com/nUJmMNNY41
— Crypto_Steve Ⓥ (@crypto_stevee) September 24, 2019