Thailand’s CIB Recognized Binance For Cybercrime Prevention, Boosts BNB Price

• Binance and Binance TH received reward plus recognition for their efforts in preventing cybercrime.
• This marked the second consecutive recognition for Binance by Thai Law Enforcement.
• BNB briefly traded at an ATH of $908 around that time.

Binance added a milestone to its portfolio after Thai Law Enforcement recognized its efforts. The Central Investigation Bureau honored Binance for its work in cybercrime prevention. This recognition from Thai Law Enforcement likely caused a BNB price surge, taking the token to a new ATH. Binance expressed that it remains committed to further strengthening the digital ecosystem.

Thailand CIB Recognized Binance and Binance TH

Thailand’s Central Investigation Bureau (CIB) recognized the efforts of Binance and Binance TH, its joint venture with Gulf Binance. This pertains to their work in preventing cybercrimes like fraud, scams, and money laundering across the digital ecosystem. Binance has been recognized by Thai Law Enforcement for the second consecutive time, underlining its dedication and well-structured cooperation.

Akbar Akhtar, the Head of Investigations for Asia-Pacific at Binance, said that the reward was recognition for their rigorous efforts and commitment to being a compliant-first organization. Nirun Fuwattananukul, CFA & CEO of Gulf Binance, stated that the reward affirmed their dedication to integrity and collaboration with Thai authorities to the highest standards.

Interestingly, Binance and Binance TH received the reward and recognition on the occasion of the Technology Crime Suppression Division (TCSD) Foundation Day. This marked the sixteenth anniversary of the said unit.

BNB Recorded ATH

Binance published a post on X to announce that it achieved an ATH of $908. The news was shared with the community around the time of announcing the recognition by Thai Law Enforcement. The value went on to touch the mark of $909.38 on the same day. However, BNB has, since then, experienced a slight decline to $904.76.

Nevertheless, BNB value at the time of writing this article remains up by 0.91% in the last 24 hours. BNB price is also up by 6.36% over the last 7 days. The token is being traded with a low volatility of 1.81% to signal bullish sentiments with an FGI of 57 points. BNB price is now anticipated to breach the mark of $970 in the next 30 days. The anticipation is subject to fluctuations, and thorough research plus risk assessment are recommended before investments.

What’s Next for Binance?

Binance, after being recognized by Thailand’s CIB, has expressed its commitment to advancing its tools. This, according to the post, would help Binance and Thailand in constructing a safer digital ecosystem. Binance is likely to focus on expanding real-time defenses with key initiatives, including, but not limited to, Beacon Network and T3+ Program.

Recognition by Thai Law Enforcement and BNB ATH came days after Binance launched AI-powered tools and functions. The objective here is to improve token insights and make trading decisions more efficient.

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