Binance Hires Two FATF Former Officials

by in Blockchain News

Binance hires FATF employees

Today, March 25, crypto trading platform Binance issued a blog post informing about the employment of two previous officials of the Financial Action Task Force Rick McDonell and Josee Nadeau as its regulative and compliance specialists.

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The news came about two weeks later after the US federal agency Commodity Futures Trading Commission has started investigation of Binance. CFTC said the reason is to find out if the company allows leverage trading to US clients.

Binance CEO Changpeng Zhao said that the knowledge of new staff members will be of essential value for them as the firm keeps growing.

Earlier, on March 11 Binance has signed up former United States ambassador to China Max Baucus as the company’s government consultant.

At the moment Binance Coin trades for around $230. It comes forth in terms of market cap. More and more dApps started to choose Binance Smart Chain to run their systems.