Binance to Outspend Ripple’s SEC Lawsuit Costs on Compliance
Binance spending on compliance requirements to exceed $200 million amid new hiring plans, which is more than Ripple’s legal costs in the SEC lawsuit. Binance, the world’s largest cryptocurrency exchange, is preparing to make significant investments in ensuring full compliance following recent regulatory conflicts worldwide. Binance Holdings plans to hire 1,000 new employees this year, many of […]
Binance to Allocate 20% of New Hires to Compliance, Says CEO
Binance plans to hire 1,000 new staff this year, with 20% focused on compliance, as regulatory spending tops $200 million. According to reports, Binance, the largest cryptocurrency exchange in the world, intends to increase its workforce by 1,000 this year. Compliance will comprise at least 20% of the new employees. The company’s annual expenditure on […]