Binance stops Mark McGinness as Chief Regulatory Liaison Officer

Binance stops Mark McGinness as Chief Regulatory Liaison Officer

Binance - the world's largest cryptocurrency exchange - recently hired Mark McGinness as Chief Regulatory Liason Officer. McGinness is a former Head of International Relations at the Dubai Financial Services Authority (DFSA).

like McGinness Binance helps

According to a press release, with. The dividing of crypto potato , the attitude is part of the efforts of Binance to work better with the supervisory authorities. You have recently made many settings for similar purposes and have expanded your compliance team by over 500 % since 2020.

at the DFSA, McGinness was responsible for the expansion of the group's regulatory network and the conclusion of declarations of intent. He was Chief Decision Maker for DFSA in matters that were presented by their enforcement department.

McGinness was also Head of International Relations of the Australian Securities and Investments Commission (ASIC). There he worked as a consultant of the chairman of ASIC for international engagement and global standard setting. The officer even had advisory positions for the international monetary fund and the World Bank.

Changpeng Zhao, CEO of Binance, said that McGinness helps to work with political decision -makers with political decision -makers.

“Mark is one of the most respected supervisory authorities and compliance experts in the industry. He brings over 30 years of invaluable experience in working with important interest groups in the financial services industry with. Marks entry into our leadership is not only a big step forward, but for the entire industry, as we work with the support of supervisory authorities and political decision-makers around the world to expand. “

meanwhile. McGinness recognizes the need for a better understanding of blockchain technology among political decision-makers. He intends to "bridge the gap between blockchain and the government" in order to create regulatory framework and a better understanding of the space.

Binance cooperates with regulatory authorities

Binance uses enormous resources to ensure compliance with legal regulations. Last month, the exchange

Likewise Binance one recruited Former Ministry of Finance in August to report and combat money laundering and extend its AML and investigative programs.

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