โก๏ธ **Breaking News: Binance to Add 1,000 Employees as Compliance Efforts Expand**
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Binance plans to expand its workforce by 1,000 employees by the end of 2024, with a strong focus on compliance. The exchange will increase its compliance team from 500 to 700 members.
This year, Binance expects to spend over $200 million on regulatory compliance. After settling a $4.3 billion penalty with U.S. authorities, the company is facing increased scrutiny, including ongoing investigations and settlements worldwide.