#Binance To Enhance Compliance Requirements:

Binance CEO Richard Teng announced to hiring of additional force in their compliance department. The decision was taken regarding the recent regulatory conflict, the largest crypto exchange is facing, including the Tax fine in India.

Interestingly, #Binance spending on compliance requirement to exceed $200 million amid new hiring plans, higher than legal cost for #Ripple in SEC lawsuit.

Spending on compliance surpassed $200 million from $158 million two years ago. Richard Teng says costs set to increase further as monitors appointed by the US agencies, Forensic Risk Alliance and Sullivan & Cromwell, have already started work.

What's next for $BNB price?