Express

Binance Increases Compliance Budget By 35% To $213 Million

Mary Liu

Summary: According to Fortune, Binance increased its annual compliance spending budget from $158 million to $213 million, a 35% year-over-year increase. The increased budget has been allocated to purchase advanced software systems to effectively identify and report suspicious transactions. The budget increase also includes costs associated with expanding the compliance team, including the reappointment of Steve ...

According to Fortune, Binance increased its annual compliance spending budget from $158 million to $213 million, a 35% year-over-year increase. The increased budget has been allocated to purchase advanced software systems to effectively identify and report suspicious transactions. The budget increase also includes costs associated with expanding the compliance team, including the reappointment of Steve Christie as deputy chief compliance officer.

Earlier today, Binance said that its former senior vice president of compliance, Steve Christie, has returned and will serve as Binance’s deputy chief compliance officer (DCCO).

Last Update:

Tags: ,,
Link: Binance Increases Compliance Budget By 35% To $213 Million   [Copy]
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 2 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 3 days ago
  • Trump Adviser's "Whale Debut" with $680M Bitcoin Bet Faces Early Losses 4 days ago
  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 6 days ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 7 days ago
  • You need to login to comment.