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Binance Hired Compliance SVP From Rival Crypto Exchange Kraken
Steven Christie, who spent nearly five years at Kraken, joined Binance in May, according to a report.
Updated May 9, 2023, 3:57 a.m. Published Sep 23, 2022, 10:57 a.m.
Cryptocurrency exchange Binance hired Steven Christie as its senior vice president (SVP) of compliance from rival Kraken, according to Binance founder Changpeng Zhao.
Zhao tweeted that Christie joined Binance "a few months ago" and that the firm is still planning to hire "a few hundred more compliance people."
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Christie leads a 750-strong team at the world's largest cryptocurrency exchange by volume, which has been keen to demonstrate its commitment to compliance since receiving a string of warnings from central banks and other regulatory bodies last year.
The Wall Street Journal first reported the move.
The news comes a day after Binance announced it was forming a board to advise it on regulatory and political matters. The advisory board's members include David Plouffe, a former senior adviser to President Barack Obama, Lord Ed Vaizey, a former U.K minister of state for culture and the digital economy, and former chair of the First Bank of Nigeria Ibukun Awosika.
Read more: Kraken’s Jesse Powell to Step Down as CEO of Crypto Exchange
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