• 

    
	

	




    
    
    
        
    
        
        
    
    
    
    
    
        
    
            
    Binance CEO announces regulatory renaissance
    
            
                Category:
                
                                                                Crypto
                                            Regulatory
                                    
            
            
    
                                Posted by
                                            
                            AIBC Group
                        
                                    
                
                    Posted: Jul 07, 2021                
            
    
            
            Binance CEO announces regulatory renaissance
            
    After a wave of regulatory crackdowns on Binance, CEO Changpeng Zhao has spoken out to increase compliance efforts
    

    Changpeng Zhao wants do double the size of his global compliance team by the end of the year, in order to achieve the regulatory standards necessary to re-enter the markets that Binance lost within a month. It is the first public answer of the head of Binance to the lawsuits and partial bans of the world’s largest crypto exchange in Canada, the UK, Thailand, and even the Cayman Islands, where Binance had set up headquarters in 2017 after being ousted from crypto unfriendly China.
    

    

    Zhao said the international compliance team had already undergone a rapid expansion by 500% since last year, welcoming prestigious appointees like the former head of the Canadian delegation to the FATF Josée Nadeau and former US Ambassador to China, Max Baucus.
    

    For the CEO, the adjustment is just part of the process, and while the regulations have caused the company severe hardship, he believes that it is a good sign for mass adoption and future development, comparing it to the early automobile industry.
    

    Crypto is similar in the sense that it can be accessible for everyone, but frameworks are required to prevent misuse and bad actors. Binance has grown very quickly and we haven’t always got everything exactly right, but we are learning and improving every day.
    

    Next up: Malta Week
    

    Don’t miss out on amazing networking opportunities and exclusive industry insights at?Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of?SiGMA,?AIBC,?Med-Tech World?and?AGS, each presenting the top developments of their focal industries.
    

    The cross-collaboration of each brand make Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policymakers and thought leaders.
    

    

    

    

    

    

    
        
    
        
    
            
    
                
    Top Crypto Exchanges
                
    
            
        
    
    
    
    

    




	

    






















',a='';t=t.replace('alt=""','alt="'+alt+'"');return t.replace("ID",e)+a}function lazyLoadYoutubeIframe(){var e=document.createElement("iframe"),t="ID?autoplay=1";t+=0===this.parentNode.dataset.query.length?'':'&'+this.parentNode.dataset.query;e.setAttribute("src",t.replace("ID",this.parentNode.dataset.src)),e.setAttribute("frameborder","0"),e.setAttribute("allowfullscreen","1"),e.setAttribute("allow", "accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture"),this.parentNode.parentNode.replaceChild(e,this.parentNode)}document.addEventListener("DOMContentLoaded",function(){var e,t,p,a=document.getElementsByClassName("rll-youtube-player");for(t=0;t