Binance to Take ‘Proactive’ Stance to Compliance
1 d ago•1 min read•Regulation
Binance, the crypto exchange that has come under scrutiny from regulators globally, said it will take a more proactive approach to compliance.
"[email protected] pivoting from reactive compliance to proactive compliance. Stay tuned," Binance CEO Changpeng Zhao posted in a tweet Friday. Regulators including the U.K.'s FCA have said in recent weeks that Binance is not authorized to conduct regulated activities in their countries. At the end of July, Malaysia ordered it to stop operations in the country. Many banks, including HSBC and Banco Santander have blocked payments to the exchange.