• Binance’s compliance budget is now $213 million, up from $158 million last year.
• The surge mirrors efforts to fortify its regulatory standing amid mounting scrutiny.
• Binance is bringing back Steve Christie, its deputy chief compliance officer.

Leading crypto exchange Binance has increased its compliance budget, allocating a staggering $213 million, up from $158 million in the previous year. This development was captured in a recent publication on Fortune, as spotlighted by renowned Chinese reporter Colin Wu.

Notably, the surge in Binance’s compliance budget from $158 million to  $213 million reflects an approximately 35% increase in spending. The surge mirrors the exchange’s concerted efforts to fortify its regulatory standing amid mounting scrutiny from the U.S. 

CEO Richard Teng emphasized the company’s commitment to fos…

The post Binance Increased Compliance Budget by 35% Amid Regulatory Scrutiny appeared first on Coin Edition.

• Binance’s compliance budget is now $213 million, up from $158 million last year.
• The surge mirrors efforts to fortify its regulatory standing amid mounting scrutiny.
• Binance is bringing back Steve Christie, its deputy chief compliance officer.

Leading crypto exchange Binance has increased its compliance budget, allocating a staggering $213 million, up from $158 million in the previous year. This development was captured in a recent publication on Fortune, as spotlighted by renowned Chinese reporter Colin Wu.

Notably, the surge in Binance’s compliance budget from $158 million to  $213 million reflects an approximately 35% increase in spending. The surge mirrors the exchange’s concerted efforts to fortify its regulatory standing amid mounting scrutiny from the U.S. 

CEO Richard Teng emphasized the company’s commitment to fos…

The post Binance Increased Compliance Budget by 35% Amid Regulatory Scrutiny appeared first on Coin Edition.