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Binance's Compliance Chief: Crypto Treated Unfairly Compared to TradFi

Published 04/05/2023, 11:10 AM
Updated 04/05/2023, 11:30 AM
Binance's Compliance Chief: Crypto Treated Unfairly Compared to TradFi

  • Binance’s Compliance Chief says his job is one of the toughest in compliance.

  • Regulators' approach to crypto is far harsher than their approach to TradFi.

  • Many different crypto firms continue to face regulation by enforcement.
Remaining compliant and appeasing crypto regulators continues to be an uphill battle for many companies. Binance, continually in the sights of regulators, has said that there is a disparity in how regulators are approaching the space.

Noah Perlman, the recently hired global chief compliance officer at Binance, has compared his experience in traditional finance with his time in crypto and noted a huge difference in approach. Crypto regulation, especially in the U.S., has become regulated by enforcement, prompting Perlman to state his job is one of the “most challenging opportunities in compliance.”

https://twitter.com/noahbperlman/status/1643391887527624705

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