In the wake of the recent negative run in most digital currencies, Binance — the most popular exchange by volume – aims to beef up its defenses in case of any regulatory probes.
This might indicate that the corporation is stepping up its attempts to secure a larger market share in the EMEA and APJ regions. Binance is presently not involved in any legal proceedings and has just received permission from authorities in France and abroad, implying that their legal counsel onboarding efforts may be standard practice.
Interestingly, despite recent leadership changes at Binance US, the bulk of available roles are at Binance Holdings Ltd., the business responsible for all of the firm’s operations outside of the US.
Binance US is accepting applicants for two legal jobs. Binance Holdings, on the other hand, has 42 jobs vacant in its legal team.
The majority are for nations in the EMEA area, primarily for regulatory counselors specializing in each country. There are additional job vacancies in LATAM, Hong Kong, Singapore, and other locations.
Many crypto exchanges are making a determined effort to improve regulatory control that might stop potential tomfoolery since the value of all digital assets has dropped by over $500 billion since the beginning of May alone. Besides, projects with insufficient security should be held accountable.
Jessica Jung, a representative for Binance, talked about the company’s commitment to safeguarding customers from unethical parties.
“We have been working to staff our regulatory, compliance and security teams for months. We are working with regulators to achieve our mutual objective; To help the cryptocurrency industry grow responsibly and provide even greater security for consumers.”
In 2021, Binance had several regulatory concerns, with various watchdogs scrutinizing its activities. However, the company has weathered the storm since it has lately secured permits to operate in some states.
The firm was granted a license to operate a restricted virtual asset service provider store in Dubai. Moreover, the French watchdogs just gave it its first European regulatory clearance.
