Binance Appoints Its First Chief Regulatory Liaison Officer

Crypto alternate Binance appointed a chief regulatory liaison officer for the primary time because it ramps up efforts to garner a extra favorable view from monetary regulators.

Mark McGinness joins the alternate from the Dubai Financial Services Authority, the place he spent 16 years as head of worldwide relations.During his tenure in Dubai, McGinness helped set up a worldwide community of over 85 regulators for the monetary heart, Binance stated Thursday.He has additionally held advisory roles on the International Monetary Fund and the World Bank.The rent follows that of Richard Teng, former CEO of Abu Dhabi’s monetary watchdog, to go its operations in Singapore in August.Binance has been trying to set up nearer ties with regulators in an try and pivot “from a tech startup to a monetary establishment,” in CEO Changpeng “CZ” Zhao’s phrases.The world’s largest crypto alternate confronted a wave of regulatory backlash from monetary watchdogs world wide earlier this 12 months, forcing it to take a extra proactive stance close to compliance.

Read extra: Binance.US Hires Ant Group Exec to Succeed Ex-CEO Brian Brooks

Leave a Reply

Your email address will not be published. Required fields are marked *