Binance plans to expand staff amid problems in Europe

CFTC files lawsuit against Binance and Changpeng Zhao
CFTC files lawsuit against Binance and Changpeng Zhao

Cryptocurrency exchange Binance is looking for new employees due to recent problems with regulators in Europe.

The company posted a job ad. According to him, the exchange is looking for a European policy officer.

He will have to develop new policy standards for the firm and “analyze existing procedures” to identify and eliminate their shortcomings.

The company is also looking for a Director of Compliance in Thailand and an Assistant Director of Government Relations in Spain, reports The Block.

Binance withdrew applications for licenses in the UK, Austria, Cyprus, announced its withdrawal from the Netherlands. In addition, the Belgian regulator ordered the company to cease operations in the country.

Earlier, the media reported that the German regulator would deny the firm a license for a crypto-custodian.

Recall that the pressure of regulators on the crypto exchange began after the suit of the US Securities and Exchange Commission.

On July 5, it became known about the searches in the Australian office of Binance. Bloomberg reports that this was done as part of an investigation into derivatives.

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