Binance Archives - Compliancex

Binance CEO says he intends to donate up to 99% of his wealth

Jack J. Kelly Binance, Business, Donate November 18, 2021

Binance CEO Changpeng “CZ” Zhao has said that he intends to donate up to 99% of his wealth as many business magnates do. “I do intend to give away most of my wealth, like many wealthy entrepreneurs or founders did from Rockefeller [late American ...Read More

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Binance Makes Regulatory Compliance Top Priority as the Crypto Exchange Pivots Into Financial Services Company

Jack J. Kelly Binance, Compliance, crypto, Regulatory Alerts and News September 8, 2021

Global cryptocurrency exchange Binance has made regulatory compliance its top priority. The exchange is on a hiring spree to “significantly” add to its compliance and legal teams. “We are going through a pivot from a technology innovator into a financial services company, so we ...Read More

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Binance Singapore Appoints Former Regulator as CEO in Effort to Become ‘a Leader in Regulatory Compliance’

Jack J. Kelly Binance, Cryptocurrency, Regulatory News and Developments August 26, 2021

Global cryptocurrency exchange Binance has hired a former regulator as the new CEO for its operations in Singapore. Binance aims to become “a leader in regulatory compliance” as it pivots into a financial services company amid intense scrutiny from regulators worldwide. Binance Singapore Boosts ...Read More

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Binance CEO says he’s willing to step down as world’s biggest crypto exchange welcomes regulation

Jack J. Kelly Binance, crypto, Regulation July 27, 2021

The boss of cryptocurrency exchange Binance says he’s willing to step down from his role as the company seeks to become a regulated financial institution. Speaking at a virtual press conference Tuesday, Changpeng “CZ” Zhao said he had no immediate plans to quit his ...Read More

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