Binance and its joint venture in Thailand received recognition from the Central Investigation Bureau (CIB) for combating cybercrime, which also influenced the rising price of their token BNB.
Recognition from Thailand's Central Investigation Bureau
Thailand's Central Investigation Bureau (CIB) has once again awarded Binance and its joint venture Binance TH for their efforts in preventing cybercrimes such as fraud and money laundering. This marks the second consecutive recognition from Thai law enforcement, highlighting the company's commitment to fighting cybercrime. Akbar Akhtar, Head of Investigations for the Asia-Pacific region at Binance, stated that this award reflects their rigorous efforts and commitment to compliance. Nirun Fuwattananukul, CEO of Gulf Binance, noted that the award affirms their dedication to integrity and collaboration with Thai authorities.
Achievements of BNB and Their Impact
Following the announcement of this recognition, Binance reported that the BNB token reached an all-time high (ATH) of $908. On the same day, the price briefly touched $909.38, but later declined slightly to $904.76. Nevertheless, BNB's value had increased by 0.91% in the last 24 hours and by 6.36% over the week, indicating positive market sentiment.
Future Plans for Binance
After being recognized by the CIB, Binance expressed its intention to continue developing its security tools for the digital ecosystem. According to their post, key initiatives such as the Beacon Network and T3+ Program are critical for building a safer online environment. This recognition comes shortly after Binance launched new AI-powered tools and features aimed at enhancing token insights.
The recognition by Thai law enforcement and the rise of BNB highlight the importance of combating cybercrime in the digital ecosystem. Binance demonstrates its commitment to further development in this area.
