Crypto exchange Binance plans to double the size of its global compliance team as regulators turn up the heat

Binance plans to give its global compliance team a two-fold boost by the end of 2021.

CEO Changpeng Zhao said the company’s international compliance team and advisory board has already grown by 500% since last year.

Binance has been under fire over a series of regulatory threats. Pressure first began mounting from Ontario, Canada, where a regulator alleged that the company failed to comply with securities laws.

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