Binance exchange makes another strategic appointment to end regulatory hurdle

TL;DR Breakdown Exchange appoints Greg Monahan, a former US criminal investigator to help in regulatory fight.Monahan impressive CV a factor for his appointment with Binance. Number one crypto exchange Binance has again appointed a top regulatory professional to improve its compliance department as it tries to navigate its many regulatory travails. Binance exchange announced the appointment of Greg Monahan – a former US Treasury Criminal Investigator, to serve as the firm’s new Global Money Laundering Reporting Officer. The exchange also noted that the appointment is to comply with global watchdogs as expected. The exchange before now has always expressed its readiness to comply with regulators even as it remains ‘the most’ targeted crypto firm from regulators globally. Binance has made several moves to ensure its compliance with regulators across different countries. The exchange has lowered high trading leverage limits. It closed down its derivatives offering in Hong Kong and across Europe and now appoints another regulatory expert to a senior office in the firm towards meeting regulatory policies. Why Binance exchange went for Greg Monahan The exchange in its release noted that Monahan has 30-year of experience in credit government service and also a lot of experience as a US Treasury Criminal Investigator. While in government service, he handled tax, money laundering, and other similar financial crime in...