Crypto Exchange Binance to Double Compliance Staff

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Binance offers spot crypto trading, derivatives, trade-in tokenised versions of stocks and its own cryptocurrency, Binance Coin.

Authorities in Britain, Japan, Germany, and Thailand have raised concerns about the exchange, one of the largest, worldwide.

Cryptocurrency exchange Binance plans on doubling its compliance team by year’s and said it will “humbly welcome more capable.

Japan’s regulator has said Binance was operating there illegally and Germany’s watchdog has warned it risked fines for offering tokens connected to stocks.

Britain’s financial watchdog last month¬†barred Binance from carrying out regulated activities in the country. When the car was first invented, there weren’t any traffic laws, traffic lights or even safety belts.

Their vision is to increase freedom and inclusion for a better human society,” Zhao wrote. “They humbly welcome more capable talents and experienced advisers to join us to build better.

The mostly unregulated industry showed it was “maturing”, Zhao made no reference to any such probe but said scrutiny, he said Binance’s international compliance team and the advisory board had grown “by 500 per cent since last year” and planned to double by the end of 2021, without giving figures for intended hires.

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