Binance Hires Former Gemini-Exec as Chief Compliance Officer: Bloomberg
TL;DR Binance has hired Noah Perlman, former chief operating officer (COO) of fellow cryptocurrency exchange Gemini, as its new chief compliance officer (CCO). The move follows the appointment of Steven Christie, former Kraken head of compliance, as Binance's senior vice president (SVP) of compliance last May. The exchange is keen to demonstrate its commitment to complying with central banks and regulators amid a slew of warnings from authorities this year.
Binance has hired Noah Perlman, former chief operating officer (COO) of fellow cryptocurrency exchange Gemini, as its new chief compliance officer (CCO), Bloomberg reported on Tuesday.
Perlman started in the role at Binance in January, having spent two and a half years as COO of Gemini and previously one year as CCO.
Already this year, Binance has been named as a counterparty in an order against crypto exchange Bitzlato, which was accused of laundering $700 million by authorities in the U.S., and seen stablecoin issuer Paxos cease minting the Binance-branded BUSD following an investigation by the New York Department of Financial Services (NYDFS).
Perlman's appointment follows that of Steven Christie, former Kraken head of compliance, as its senior vice president (SVP) of compliance last May. Binance founder Changpeng "CZ" Zhao said in September that the firm planned to hire "a few hundred more compliance people."
The exchange has been keen to demonstrate its commitment to this area of its business since it was subject to a slew of warnings from central banks and regulators in 2021.