Crypto exchange Binance appointed a chief regulatory liaison officer for the first time as it ramps up efforts to garner a more favorable view from financial regulators.
Though the Financial Sector Conduct Authority (FSCA) is an agency of the South African government, Binance claimed the country’s Financial Intelligence Centre was the “major regulator” with which it had been working to be in compliance with local laws.
South Africa’s Financial Sector Conduct Authority (FSCA) has warned the country’s public against dealing with crypto exchange platform Binance.
Binance has tightened the customer verification requirements on its platforms as it expands its response to the heightened regulatory scrutiny it has faced in recent months.
Artificial intelligence research lab Fetch.ai has been granted a request to have major cryptocurrency exchange Binance identify individuals behind a $2.6 million hack.
