馃殌 Binance is ramping up its compliance game! By the end of the year, the world's largest crypto exchange plans to have 645 full-time compliance employees, marking a 34% increase since last November. This move comes as Binance works to bolster its regulatory compliance following a hefty $4.3 billion fine last year.
- Richard Teng, Binance's new CEO, is steering the ship towards stronger compliance.
- The exchange has hired experts from traditional finance and law enforcement to lead these efforts.
- Binance's compliance team is growing to meet the demands of the rapidly maturing crypto sector.
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