Binance enters the crypto AI race!

The world's leading cryptocurrency exchange, has officially received the ISO/IEC 42001 certificate, confirming its compliance with the global standard for artificial intelligence (AI) management. This step underscores the company's ambitions in integrating AI with the crypto industry, emphasizing ethical and responsible technology development.

What Does This Mean in Practice?

• Binance integrates ISO/IEC 42001 into its processes - from designing and implementing AI systems to ongoing monitoring. This ensures a systematic approach to managing AI-related risks.
• The certification guarantees that Binance's AI systems meet international standards and future regulations, such as the EU AI Act. This is particularly relevant in the context of growing AI regulation in Europe and other regions.
• The new standard combines with already implemented systems, such as ISO 27001 (security) and ISO 27701 (data privacy). This creates a unified ecosystem that enhances user protection and simplifies audits.
• A unified management system simplifies operational expansion, boosts investor trust, and makes the platform more resilient to risks. As noted by Jimmy Su, Binance's Chief Security Officer, this highlights the company's priority on ethical AI usage.

According to the latest data, Binance has become one of the first companies in the crypto industry to achieve this level of certification, positioning it as a leader in the "race" for AI integration in Web3. In the context of global trends, such as the growth of AI in blockchain for data analysis, trade automation, and fraud prevention, this step could serve as a catalyst for other platforms.

This achievement is part of Binance's broader mission to develop a trusted and transparent Web3, where innovations go hand in hand with responsibility and compliance with regulatory norms. As emphasized in the company's official blog, the certification covers the entire AI lifecycle, from design to monitoring, ensuring ethical use of technologies in the crypto sphere.

On X, the news quickly gained momentum: the official Binance account shared details, and users are noting it as an important step for enhancing security in the industry. Considering the current AI boom in crypto (for example, AI integration in DeFi and NFTs), Binance clearly aims to lead in this area, combining technologies with regulatory standards.