Binance has taken another big step on the road to compliance! According to CoinDesk, Binance expects to expand its full-time compliance team to 645 by the end of 2024, a 34% increase from November last year. Currently, there are over 1,000 employees focusing on compliance work, including contractors.

Binance's Chief Compliance Officer Noah Perlman stated that the crypto industry is entering a mature stage, and compliance has become key to user experience and business success. New compliance experts include former PayPal Global Financial Crimes Supervisor Todd McElduff and senior investigators from France and Turkey.

In addition, Binance's compliance spending in 2023 grew by 36% year-on-year, demonstrating its strong commitment to the compliance field.🔍📈