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Breaking: Binance Hires Two Former FATF Executives as Regulatory and Compliance Advisor

Binance, the world’s leading cryptocurrency exchange by trading volume has hired two former FATF executives as its regulatory and compliance advisors. The new appointees include former FATF Executive Secretary Rick McDonell and former Head of the Canadian delegation to the FATF Josée Nadeau.

As Bitcoin hodlers worry about FATF regulations, the world’s largest Bitcoin exchange, Binance, hires former FATF regulators.
This world now belongs to #Bitcoin
— Documenting Bitcoin (@DocumentingBTC) March 25, 2021

The announcement also comes just weeks after the cryptocurrency exchange came under CFTC investigation for allegedly offering leverage trading to US customers. The crypto exchange is currently focused on expanding its services outside the Asia Pacific region and especially in the United States which is currently dominated by the likes of Coinbase.
Binance had also appointed former US ambassador to China Max Baucus as the company’s government advisor on March 11, a clear indication of an aggressive approach in the US.
 
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