Binance Obtains ISO/IEC 42001 Certification for Responsible Use of AI in Crypto

Binance, the renowned crypto exchange, has recently obtained a landmark achievement. With the new ISO/IEC 42001 certification, Binance is setting unique benchmark for the secure, transparent, and ethical AI usage in the crypto market. As per Binance’s official press release, A-LIGN has awarded it the respective certification while the ANSI National Accreditation Board (ANAB) has accredited it. This further validates the company’s commitment to global standards.

Binance Elevates AI Governance Standards with ISO/IEC 42001 Certification

Binance’s latest ISO/IEC 4001 certification shows the platform’s consistent efforts to promote innovation while also maintaining security and transparency. This certification denotes a worldwide benchmark for responsible and organized AI governance. Additionally, it brings forth requirements dealing with an Artificial Intelligence Management System (AIMS). In this respect, it guides the organizations regarding the ethical governance of the robust artificial intelligence technologies.

The certification also validates the next-gen framework of Binance for AI governance, accountability, reliability, and security. The respective framework goes in line with the latest regulations like the EU AI Act, showing the crypto exchange’s proactive stance for worldwide oversight and compliance. Moreover, the certification targets the internal AI utilization of Binance while also focusing on how it designs, manages, and deploys AI systems across broader operations. It requires companies to evaluate societal impacts as well as likely impact in individuals ahead of deployment, guaranteeing the responsible application of AI.

Driving Responsible Innovation with Next-Gen Web3 Infrastructure

According to Binance, Jimmy Su, the Chief Security Officer at Binance, the company’s team backs this via comprehensive risk assessments, continuous observation, and solid data protections. These things keep systems secure, predictable, and compliant with global benchmarks. Expressing similar views, Binance’s Co-CEO, Richard Teng, revealed that the certification presents the firm’s endeavors to push forward responsible innovation, parallel to exclusive regulatory authorizations. Ultimately, this milestone advances user protection and backs regulatory objectives of Binance apart from fortifying Web3 infrastructure.