Binance Says it Had Compliance ‘Gaps’ and Is Continuing Talks With US Regulators
- Binance executive says an initially small staff was stretched
- Array of US regulators including SEC, CFTC probing Binance
Binance’s team of compliance experts has expanded dramatically over the last two years to more than 750.
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Binance, the world’s biggest crypto exchange, had earlier “gaps” in its regulatory compliance that have since been closed, Chief Strategy Officer Patrick Hillmann said in an interview.
An initially small staff was stretched thin as the company tackled international expansion, compliance and cybersecurity after starting up in 2017, he said.