Binance has received ISO/IEC 42001 international certification, which focuses on the responsible use of artificial intelligence. It is the first global standard of its kind, and by fulfilling it, Binance stands out among companies that have clearly set rules for how AI is developed, used and controlled. ISO/IEC 42001 was only created at the end of 2023 and defines what an artificial intelligence system should look like in practice � from working with data to risk evaluation and to overseeing that AI works predictably and in accordance with legal and ethical rules. At the same time, the certification does not only concern specific tools, but the company's entire approach to artificial intelligence in the course of its life cycle, i.e. from design to daily operation. In the case of Binance, the certification applies both to the internal use of AI and to the systems that the exchange deploys, such as its services. The standard emphasizes, for example, the assessment of the impact of AI on individuals and the wider society before its deployment, continuous monitoring or data protection. This is all in line with upcoming regulations such as the European AI Act. AI management is not just about documents and rules. In practice, it's about having real oversight of how systems behave, especially when they're more complex, says Jimmy Su, Chief Security Officer of Binance. �Therefore, we emphasize detailed risk reduction, data protection and continuous monitoring, so that our AI remains safe, predictable and in accordance with international standards.� ISO/IEC 42001 also naturally follows on from other certifications that Binance has held for a long time, such as ISO 27001 in the field of information security, ISO 27701 for privacy protection or ISO 22301 for business continuity management. Thanks to this, the company unifies its approach to compliance and risk reduction with technology. «Obtaining this certification confirms that we are taking responsible innovation out there,» adds Richard Teng, Co-CEO of Binance. �Together with the recent full regulatory approval in Abu Dhabi� it shows how much emphasis we place on transparency, oversight and user protection. As AI becomes an integral part of digital services, we consider trust to be a key value for the entire Web3 ecosystem. Binance was certified by A-LIGN, an accredited assessor approved by the American accreditation body ANAB.
Kyrylo Khomiakov Binance Regional Director for Central and Eastern Europe, Central Asia and Africa Kyrylo Khomiakov, an experienced specialist in the field of banking and fintech with more than 15 years of experience, joined Binance in 2022, when he took over the leadership of activities in the Ukrainian market. He successfully differentiated this area thanks to the implementation of global marketing strategies and the establishment of strong ties with government institutions and organizations. From January 2023, he assumed responsibility for the entire region of Central and Eastern Europe, and from January 2023 he spread his leadership over the development of Binance in 74 countries of Central and Eastern Europe, the Baltics, the Balkans and Central Asia. Before joining Binance, Kyrylo Khomiakov held senior management positions in various banking, financial and governmental institutions. With many years of experience in these sectors, he brings extensive knowledge to Binance. D��ve worked, among other things, as the general director of the State Agency for Infrastructure Projects of Ukraine and as the CEO of a company developing blockchain software.
Binance is the leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and number of registered users. Binance serves more than 230 million people in more than 100 countries thanks to top security, transparency, speed of the trading system, investor protection and an unrivaled range of products and services in the field of digital assets – from trading and finance to education, research, philanthropy, payments, institutional services, and Web3 functions. Binance is committed to building an inclusive cryptocurrency ecosystem to promote the freedom of movement of money to make finance accessible to people around the world, seeing cryptocurrencies as a fundamental tool for this change. More at https://www.binance.com/