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What is Binance's strategic interest in the Azerbaijani market over a 3-5 year horizon? Are you considering a deeper local presence (partnerships with banks, licensing, educational initiatives, development of fiat channels), especially in the context of the introduction of Open Banking and digitalization of the financial sector by the Central Bank of Azerbaijan?
"Our interest in the markets of the region is long-term and is built around financial accessibility, user education, and infrastructure that complies with local regulations. Specific steps: partnerships, licensing, development of fiat channels - will be determined by the final version of the regulatory framework. We adhere to the compliance-first principle: presence in any jurisdiction is built in accordance with current legislation," said Kirill Khomyakov, Binance's Regional Head for Central and Eastern Europe, Central Asia, and Africa, in an exclusive interview with FinFly.News.
Context
What happened before
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Binance announced long-term interest in regional markets, including Azerbaijan
Binance's regional head Kirill Khomyakov spoke about strategic interest in the Azerbaijani market and compliance-first principles
Binance's specific steps in Azerbaijan will be determined by the final version of the regulatory framework