Binance Hires Former Us Banking Regulator as Chief Strategy Officer

The post Binance Hires Former Us Banking Regulator as Chief Strategy Officer appeared first on Coinpedia Fintech News

Binance, the world’s largest cryptocurrency exchange, has appointed Gin Chao as its new Chief Strategy Officer (CSO). Chao, a former US banking regulator with over 20 years of experience in the financial services industry, will be responsible for designing and implementing the company’s strategic objectives amid increased regulatory scrutiny. Binance has faced regulatory challenges in the US and Europe due to crises over compliance with anti-money laundering and financial regulations. CEO Changpeng Zhao expressed confidence in Chao’s ability to navigate these challenges and help the company continue to drive the adoption of digital currencies worldwide.