Binance touts 35% hike in compliance budget as firm girds for | DeFi & Ethereum News
Binance touts 35% hike in compliance budget as firm girds for monitor, sentencing of ex-CEO Zhao
The world’s biggest cryptocurrency exchange says it’s increased year-over-year spending on compliance from $158 million to $213 million, purchasing a raft of new software systems to block and report suspicious transactions. The increased outlay also reflects personnel costs, including Binance’s decision to bring back executive Steve Christie as its deputy chief compliance officer.
