The post Yi He Addresses Binance’s Regulatory and Competitive Challenges appeared first on Coinpedia Fintech News
In a candid tweet, Binance Co-founder Yi He broke the silence on some of the regulatory challenges that the global cryptocurrency giant is facing. From compliance to competitiveness, She speaks directly to the “Binancians” about the road ahead. Her words come at a critical time, especially when Binance recently divested its Russian operations to CommEX.
#Binance #BNB #BTCThis is original. pic.twitter.com/EnP610RdfD
— Yi He (@heyibinance) September 27, 2023
Yi He noted the difficulties of being a large, compliant entity in the crypto space. Unlike some competitors who aren’t held to stringent Know Your Customer (KYC), compliance, Enhanced Due Diligence (EDD), Wallet Control Keys (WCK), and Proof of Address (POA) standards, Binance has been taking these aspects seriously. “Our large size reduces our efficiency,” she stated.
She also drew attention to the emoti
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