Binance hires two compliance executives from Crypto.com

• Binance has hired two compliance executives from Crypto.com, according to a report cited by BitcoinWorld.
• The new hires join as Binance continues to restructure its compliance division.
• Their identities and specific roles have not been disclosed.

Binance has hired two compliance executives from Crypto.com, according to a report from Crypto Briefing cited by BitcoinWorld.

The identities and specific roles of the new executives have not been disclosed.

The appointments come as Binance continues to restructure its compliance division following staff departures.

The exchange has faced regulatory scrutiny and enforcement actions across several jurisdictions in recent years.

Binance has also recruited compliance professionals from financial institutions and other cryptocurrency firms.

The report said Crypto.com has invested in its own compliance infrastructure, making its staff relevant to Binance’s recruitment efforts.

The hires add to Binance’s compliance operations as the exchange works under existing regulatory obligations and continues seeking approvals in key markets.