{"id":136026,"date":"2024-08-22T17:00:12","date_gmt":"2024-08-22T14:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136026"},"modified":"2024-08-22T13:38:57","modified_gmt":"2024-08-22T10:38:57","slug":"binance-to-expand-compliance-team-amid-rising-regulatory-costs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/","title":{"rendered":"Binance to Expand Compliance Team Amid Rising Regulatory Costs"},"content":{"rendered":"<p><span style=\"font-family: inherit;\">This move comes as the crypto exchange\u2019s annual regulatory expenses exceed $200 million.<\/span><\/p>\n<p>Richard Teng, the CEO of Binance, <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-22\/binance-hiring-1-000-as-compliance-spending-tops-200-million\" target=\"_blank\" rel=\"nofollow\">revealed<\/a><\/strong> this hiring initiative during a Bloomberg News interview. The company is increasing its compliance staff from 500 to 700 by the end of 2024 to better manage the growing number of regulatory requests, which have risen to 63,000 this year.<\/p>\n<p>Binance\u2019s compliance costs have surged from $158 million two years ago to over $200 million, covering expenses for US-appointed auditors and monitoring firms.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/tron-to-reach-4-billion-in-revenue-next-year-according-to-ceo\/\" title=\"Tron to Reach $4 Billion in Revenue Next Year, According to CEO\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/justin-sun-poloniex-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Tron to Reach $4 Billion in Revenue Next Year, According to CEO<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The company is currently navigating legal challenges, including an ongoing lawsuit from the SEC and recent scrutiny of its former CEO, Changpeng Zhao, who received a prison sentence for anti-money laundering violations.<\/p>\n<p>Since Teng\u2019s appointment, Binance has made several operational adjustments, including changes in its prime brokerage relations and token listing requirements. Despite these efforts, the company has not yet set up a global headquarters or released audited financial reports.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.<\/p>\n","protected":false},"author":3,"featured_media":34846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-136026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance to Expand Compliance Team Amid Rising Regulatory Costs<\/title>\n<meta name=\"description\" content=\"Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance to Expand Compliance Team Amid Rising Regulatory Costs\" \/>\n<meta property=\"og:description\" content=\"Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T14:00:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1037\" \/>\n\t<meta property=\"og:image:height\" content=\"692\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\"},\"author\":{\"name\":\"Alexander Stefanov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"headline\":\"Binance to Expand Compliance Team Amid Rising Regulatory Costs\",\"datePublished\":\"2024-08-22T14:00:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\"},\"wordCount\":162,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg\",\"articleSection\":[\"Others\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\",\"name\":\"Binance to Expand Compliance Team Amid Rising Regulatory Costs\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg\",\"datePublished\":\"2024-08-22T14:00:12+00:00\",\"description\":\"Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg\",\"width\":1037,\"height\":692},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Binance to Expand Compliance Team Amid Rising Regulatory Costs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Binance to Expand Compliance Team Amid Rising Regulatory Costs","description":"Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/","og_locale":"en_US","og_type":"article","og_title":"Binance to Expand Compliance Team Amid Rising Regulatory Costs","og_description":"Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.","og_url":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-08-22T14:00:12+00:00","og_image":[{"width":1037,"height":692,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/"},"author":{"name":"Alexander Stefanov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"headline":"Binance to Expand Compliance Team Amid Rising Regulatory Costs","datePublished":"2024-08-22T14:00:12+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/"},"wordCount":162,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg","articleSection":["Others"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/","url":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/","name":"Binance to Expand Compliance Team Amid Rising Regulatory Costs","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg","datePublished":"2024-08-22T14:00:12+00:00","description":"Binance plans to significantly expand its workforce by adding 1,000 employees this year, focusing on compliance roles.","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/binance-coin-1.jpeg","width":1037,"height":692},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/binance-to-expand-compliance-team-amid-rising-regulatory-costs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Binance to Expand Compliance Team Amid Rising Regulatory Costs"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=136026"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136026\/revisions"}],"predecessor-version":[{"id":136027,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/136026\/revisions\/136027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/34846"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=136026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=136026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=136026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}