Though Teng’s short tenure as CEO has certainly accelerated Binance’s compliance efforts, the exchange began making an effort to be more compliant with regulators well before Zhao stepped down in November 2023. Tigran Gambaryan, Binance’s head of financial crime compliance, left the Internal Revenue Service (IRS) in 2021 to join the exchange. Noah Perlman, Binance’s chief compliance officer, started in January 2023. In 2023, Binance increased its compliance spend by 36%.
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Join Our Telegram channel to stay up to date on breaking news coverage MetaMask, the globally acknowledged cryptocurrency and non-fungible...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A pair of arrests and the seizure...
The UK government is considering tapping into its massive Bitcoin reserve to help ease growing financial pressure. Chancellor Rachel Reeves...
