Binance keeps up momentum on regulatory alignment as they hire for an important role.
Fresh Faces at Binance
Not even a week from another important hire, Binance has kept moving in the direction of regulatory stability.
The cryptocurrency giant has appointed the former Head of International Relations at the Dubai Financial Services Authority (DFSA), Mark McGinness, as its Chief Regulatory Liaison Officer. The hire was made official via PR release on October 14 while the crypto world had its eyes fixated on Dubai for the World Blockchain Summit.
“Mark is one of the most respected regulators and compliance experts in the industry. He brings with him over 30 years of invaluable experience working alongside key stakeholders in the financial services industry,” Binance CEO ‘CZ’ Changpeng Zhao, explained in the release. “Mark joining our leadership is not only a huge step forward for Binance, but the industry as a whole, as we work to grow the industry responsibly with the support of regulators and policymakers across the globe.”
McGinness’ experience is likely to be extremely useful for Binance as they embark on their regulatory charm offensive. Throughout his considerable stint at the DFSA, Mark McGinness was instrumental in establishing international links and recognition for the financial institution, helping draft and negotiate MoUs and FinTech agreements.
“I am looking forward to bringing this experience to Binance where I shall be working with these industry leaders and policymakers to assist not only in setting best practice and regulatory frameworks but also in broadening their understanding of the blockchain and crypto industry.” McGinness told CoinTelegraph in an interview following the announcement.
This new hire is one of a slew of strategic appointments that have focused on the experience of potential candidates when deciding the possible impact they could have on quelling regulatory unrest.
We’ll be following closely to notify you of the new appointee’s impact on Binance and its regulatory obligations.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.