Although Teng’s brief tenure as CEO has actually accelerated Binance’s compliance efforts, the trade started making an effort to be extra compliant with regulators properly earlier than Zhao stepped down in November 2023. Tigran Gambaryan, Binance’s head of economic crime compliance, left the Inside Income Service (IRS) in 2021 to affix the trade. Noah Perlman, Binance’s chief compliance officer, began in January 2023. In 2023, Binance elevated its compliance spend by 36%.
Moving from CFDs to Spot Crypto Is Not Just a Tooling Exercise
“Some of the hurdles have been tackling the challenge of the need to move at pace while we have a...
