The post Regulatory Settlements Drive Compliance Efforts at Leading Crypto Exchanges appeared first on Coinpedia Fintech News
In the wake of settlements with U.S. regulators, top cryptocurrency exchanges like Binance, Coinbase, and Kraken are doubling down on compliance efforts.
Binance’s Settlement
Chief compliance officers from these platforms spoke at a recent industry conference, highlighting their commitment to strengthening compliance controls and staffing to mitigate past failures and enhance industry standards.
During a panel discussion at the Chainalysis Links conference in New York, compliance chiefs from Binance, Coinbase, and Kraken expressed their commitment to strengthening compliance frameworks following recent regulatory settlements.
Noah Perlman, Chief Compliance Officer at Binance, highlighted the significance of their settlement, stating, “In a sense, our settlement, with a massive fine and the requirements coming from that, probably is a model f
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