In the midst of growing uncertainty from the bearish run on most cryptocurrencies in the last few weeks, Binance, the largest exchange by volume, is looking to strengthen its defenses in the event of any inquiries from regulatory agencies.
This could be a sign that the company is aiming to increase its market share in EMEA and APJ markets. Binance is not currently facing any lawsuits. Authorities in France and elsewhere have recently granted Binance a seal of approval, which indicates that Binance’s legal counsel onboarding efforts may just be de rigueur.
Over 40 Positions Awaiting Applicants
Surprisingly though there have been recent changes in Binance US’s leadership structure, the majority of available positions are still with Binance Holdings Ltd. which is responsible for all activities of the firm outside the US.
Two positions in Binance US’ legal division are currently open for applications at the time of this writing. Binance Holdings has 42 open positions in its legal division.
Most are available for countries in the EMEA region. They are mostly for country-specific regulators. LATAM, Hong Kong and Singapore have job openings.
Part of a greater push for stronger regulation
Many crypto exchanges have made a concerted effort in order to improve regulatory oversight to prevent any future mischief. To hold those who have poor security standards accountable.
Jessica Jung, Binance’s spokesperson on the matter, reiterated Binance’s commitment to protecting consumers against unscrupulous individuals.
“We have been working for months to fill our regulatory, compliance, and security teams. We work with regulators to accomplish our mutual goal: To help the cryptocurrency sector grow responsibly and provide greater security for consumers.
Last year, Binance was subject to a number of regulatory problems. Many watchdogs were concerned about its operations. The firm seems to have survived the storm and has been granted licenses to operate across several jurisdictions.
Along with other cryptocurrency exchanges, the company was granted a license to operate a shop in Dubai as a limited provider of virtual assets service providers. It was also granted its first European regulatory approval by the French watchdogs.
Marla Brooks – Financial Analysis
My name is Marla Brooks, and I am the mainstream behind the”observednews.com” for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.