Kazakhstan has recognized Binance's local entity with ISO 27001 and ISO 27701 certifications, the cryptocurrency exchange announced today (Monday). The British Standards Institution awarded Binance these certifications after conducting an audit on the exchange's commitment to providing a secure and reliable platform for cryptocurrency users in the region.

Security and Privacy Standards

Binance lauded this achievement, terming it as a testament to its commitment to adhering to globally recognized standards for information security governance and privacy information management. Additionally, the crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term mentioned that the recognitions validate its ability to meet high standards for safeguarding user assets and personal information.

Vishal Sacheendran, the Head of Regional Markets at Binance, mentioned: "Setting high benchmarks for information security and privacy processes is a hallmark of a trustworthy, reliable firm. By securing these internationally recognized certifications at Binance Kazakhstan, we validate that we meet these high standards. We hope that our users will feel significantly reassured knowing their assets and personal information are protected in line with the latest global standards."

#Binance Kazakhstan is proud to have been awarded the ISO 27001 and ISO 27701 certifications.

This achievement highlights our strict adherence to international security and privacy standards.

Read more ⤵️https://t.co/Zp5BInW3Dl pic.twitter.com/QWVzBUx3k7

— Binance (@binance) May 13, 2024

Last year, Binance secured similar certifications in France, Bahrain, and the United Arab Emirates. The external auditor A-LIGN awarded Binance the certifications for meeting international standards in information security governance and privacy information management.

ISO Certifications in France, Bahrain, and UAE

Jimmy Su, Binance's Chief Security Officer, said: "Users 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 highly experienced security professionals who are continuously improving, adapting, and innovating to ensure that Binance remains at the forefront of safeguarding the blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term ecosystem."

Last year, Binance officially launched its services in Kazakhstan, marking its entry into Central Asia. The exchange, which obtained a permanent license in the country the previous year, partnered with a local bank to facilitate fiat transfers. Binance Kazakhstan offers a range of services, including trading, custody of digital assets, and deposit and withdrawal of fiat currencies.