12/13/2023 0 Comments Binance ceo zhao binance.usmiller![]() ![]() ![]() has positioned the one-time Abu Dhabi regulator as the most likely. Last week, Brian Armstrong, the billionaire founder of crypto exchange Coinbase, lost around half a billion dollars from his wealth after the firm revealed the US markets regulator was mulling taking enforcement action against it over possible security law violations. The appointment of Richard Teng to oversee Binance’s regional markets outside the U.S. It comes as crypto firms including Binance face increasing scrutiny by regulators over their operations and procedures. A cryptocurrency CEO has become one of the richest people on Earth. law, including by assisting and instructing customers located in the United States to evade the compliance controls Binance purported to implement.” “Zhao, Lim, and other members of Binance’s senior management have failed to properly supervise Binance’s activities and, indeed, have actively facilitated violations of U.S. But after Sam Bankman-Fried’s extraordinary fall, all eyes are on cryptos mysterious kingpin. Zhao has stated that Binance’s headquarters is wherever he is located at any point in time, reflecting a deliberate approach to attempt to avoid regulation.” Changpeng Zhao, the CEO of Binance, has always avoided the spotlight. The regulator added: “Binance purposefully obscures the identities and locations of the entities operating the trading platform. The exchange, headed by founder and CEO Changpeng Zhao, had previously acknowledged a churn of employees in May, shortly before the SEC filed 13 charges against Binance and Zhao in early June. “But Binance, Zhao, and Lim have all chosen to ignore those requirements and undermined Binance’s ineffective compliance program by taking steps to help customers evade Binance’s access controls.” “All the while, Binance, Zhao, and Lim, the platform’s former Chief Compliance Officer have each known that Binance’s solicitation of customers located in the United States subjected Binance to registration and regulatory requirements under U.S. It’s also possible that it was Binance, and its hardheaded CEO in particular, that tanked the settlement. ![]()
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