Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: RSRS on July 29, 2021, 07:17:19 AM
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Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance as this is the top priority of the organization.”
Binance’s CEO Unveils Company’s Regulatory Compliance Plans
Binance founder and CEO Changpeng Zhao (CZ) has addressed recent compliance issues his exchange has been facing and reports of the exchange hiring a new chief executive.
Governments and financial watchdogs are paying closer attention to the cryptocurrency space. A growing number of regulators worldwide have warned Binance about operating in their countries without being properly authorized. They include regulators in Japan, the U.K., Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania.
Commenting on regulatory scrutiny, Zhao told journalists that he wanted to improve relations with regulators. He added that Binance would seek their approval and establish regional headquarters, breaking with its decentralized structure. He was quoted as saying:
More Information (https://cryptonews.net/en/news/market/1216123/)
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Binance have a new problem.India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving China betting apps.