Noah Perlman, the chief compliance officer at Binance, is faced with the challenging task of restoring the reputation of the world's largest crypto exchange with regulators.
Binance has encountered several regulatory issues, including a ban from opening a division in the UK and a Commodity Futures Trading Commission lawsuit accusing the exchange of operating illegally in the US. Perlman aims to put Binance "beyond reproach" by overcommunicating with regulators and ensuring all decisions are clearly documented.
While stronger compliance measures may create some inconvenience for users, Binance aims to make the process as smooth as possible. Perlman, a new member of the team, is excited to improve the experience of verifying source of wealth for users. Despite the necessity to speak Chinese to get ahead, Binance's high pay is widely praised.
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