Binance Collaborates with Liquid to Ensure Regulatory Compliance on Japanese Exchange

Binance, the world’s largest cryptocurrency exchange, has partnered with Liquid, a Japanese biometrics firm, to handle identity verification on its Japanese platform.

This collaboration enables Binance Japan to ensure compliance with Japan’s stringent KYC (know-your-customer) regulations. Liquid’s eKYC service, powered by AI-based image processing, offers advanced facial authentication to facilitate smooth identity verification in line with legal and security frameworks.

Takeshi Chino, Binance’s General Manager for Japan, highlighted the critical role of a robust KYC framework in safeguarding users and the ecosystem. Binance’s move aligns with its commitment to compliance amid regulatory pressures. Liquid’s CEO, Hiroki Hasegawa, emphasized the wide applicability of their eKYC product and its role in enhancing secure and compliant user services.

Clever Robot News Desk 16^th August 2023