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TechFlow news: Binance has increased its compliance spending from $158 million to $213 million, a year-on-year increase of 35%.
The additional budget has been allocated to purchase advanced software systems to effectively identify and report suspicious transactions.
Furthermore, this financial growth will cover costs related to expanding the compliance team, including the reappointment of Steve Christie as Deputy Chief Compliance Officer.
Binance has increased its compliance spending from $158 million to $213 million, a 35% year-on-year increase. The additional budget has been allocated to purchase advanced software systems to effectively identify and report suspicious transactions. Furthermore, this financial growth will cover costs related to expanding the compliance team, including the reappointment of Steve Christie as Deputy Chief Compliance Officer.
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