Zhao Changpeng: Binance has expanded its compliance team by five times and looks forward to the establishment of consistent regulations globally

2022-09-17 12:27:19

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Chain Catcher news, in response to the recent call from the White House for regulators to continue cracking down on cryptocurrencies, Zhao Changpeng tweeted, "I am glad to see the U.S. moving towards the proposed crypto framework. The right regulations will drive technological innovation and uphold the freedom and fundamental value propositions of cryptocurrencies, while also ensuring that the right guardrails are in place for consumer protection and choice."

Zhao Changpeng stated that the current state-level laws and regulations governing the crypto space are chaotic, and the overall regulation of cryptocurrencies by the U.S. government will bring the much-needed regulatory consistency and clarity. Binance is working hard to comply with regional regulations and looks forward to establishing consistent regulations globally to ensure the industry can continue to thrive and support regulators in achieving their goals.

Additionally, Zhao Changpeng revealed that Binance has expanded its compliance team by five times and enhanced its internal anti-money laundering (AML) detection and analysis capabilities. (Source link)

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