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Responsible Growth Squad: Binance’s Strategic Compliance Hires of 2024

Author: Content Editor
Binance, one of the largest cryptocurrency exchanges, is prioritizing responsible growth and regulatory compliance to protect its users and the wider crypto ecosystem. The company has been expanding its compliance and risk teams throughout 2024, focusing on both the quantity and quality of hires. They aim to increase their compliance staff to 645 employees by the end of the year, representing a 34% growth from November 2023. Binance has made key hires with experience in financial crime prevention, compliance governance, and special investigations to navigate complex regulatory environments. The company operates in multiple jurisdictions with varying regulations, and their new hires bring unique country-level expertise to enhance their compliance efforts. Binance is committed to working with regulators, and their Chief Compliance Officer mentioned that they recently achieved their 20th global regulatory milestone. The strategic hires will help Binance navigate the evolving regulatory landscape and support the responsible growth of the crypto industry.

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