Attention, crypto enthusiasts! 🌟
Binance has made a crucial shift in its strategy. After facing fines of $4.3 billion and the departure of its founder CZ, the platform now sees compliance as its competitive advantage. Richard Teng, the new CEO, revealed that Binance has invested $200 million in its compliance program.
- Binance plans to hire 20% more compliance staff by 2024.
- CZ, after serving his sentence, will focus on education in developing countries.
What do you think about these changes? Leave us your comment!