Binance ex-CCO Faces $1.5M Fine

Binance

Don’t overlook this detail in the settlement announced Tuesday against Binance and its chief executive officer: the cryptocurrency exchange’s former chief compliance officer is also looking at a $1.5 million penalty and severe restrictions on any future compliance career he might want to have.  The Commodity Futures Trading Commission, which gets a piece of the…

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Binance Compliance Hiring Spree

Binance

The chief executive of cryptocurrency exchange Binance just published an interesting statement, promising to double the size of the firm’s compliance team by the end of this year and to invest in various other compliance program efforts — all while regulators around the world are putting Binance and its operations under a microscope. Changpeng Zhao,…

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