Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Tanimariya on March 27, 2021, 01:15:13 PM

Title: Binance Adds Former FATF Officers to Regulatory Strategy Team
Post by: Tanimariya on March 27, 2021, 01:15:13 PM

The former FATF officials will help steer Binance's global regulatory strategy, the exchange said.

Cryptocurrency exchange Binance apped two former members of the Financial Action Task Force (FATF) for its advisory team Thursday, telegraphing its commitment to staunching compliance and fraud concerns.

Former Executive Secretary Rick McDonell and the former head of FATF's Canadian delegation, Josée Nadeau, will advise on Binance's "global compliance and regulatory strategies," according to a press release.
 Source Link

 (https://www.coindesk.com/binance-adds-former-fatf-officers-to-regulatory-strategy-team)

Title: Re: Binance Adds Former FATF Officers to Regulatory Strategy Team
Post by: Fenix on May 04, 2021, 09:23:50 AM

Well, that's not bad for this exchange as it shouldn't have any regulatory issues in the future. Former FATF employees should know the basic requirements of this international financial group for cryptocurrency exchanges and this will allow Binance to avoid many mistakes.
Today Binance is one of the most popular exchanges and the team of any project seeks to place their cryptocurrency on it, which usually just soars in price because of this.