Binance kannatab järjekordse hoobi: kaks tegevjuhti liituvad talentide äravooluga

Binance kannatab järjekordse hoobi: kaks tegevjuhti liituvad talentide äravooluga

Ajatempel: 4. september 2023 7:32
Allikasõlm: 2862419

Normatiivne
issues around the world have led to the departure of several key executives
from Binance, increasing the number to five. Mayur Kamat, the Global Product
Lead, has stepped down after more than a year with the company. Exchange’s
growing regulatory challenges may be the main reason for the talent drain.

Binance Loses Two More
Employees Over the Weekend

.
cryptocurrency exchange, Binance confirmed in a statement that Kamat, who joined
the,en vahetamine in April 2022, has resigned from his role as product lead.

"Me
are grateful to him for helping guide Binance through some of our most
explosive growth and we wish him the very best,” a spokesperson for the
exchange was quoted by CoinDesk.

See pöördub
out Kamat is not the only executive that Binance lost this weekend. Earlier reports that were published on Friday revealed that Leon Foong who oversaw operations in the
Asia-Pacific region decided to leave the platform. Foong was responsible
for the company’s growth in Japan, South Korea, and Thailand.

Recently, Binance has seen other departures. The exchange has bid farewell to three other
executives in the past few months. The latest executives exiting from the firm expand this list to five
significant names, including Matthew Price, the Senior Director of Investigations, Patrick Hillmann, the Chief Strategy Officer, and Steven Christie, the Senior Vice President for Compliance.

Hong Kong and UAE Become
Key Regions for Binance

Binance's
regulatory troubles began this year when both the CFTC and SEC in the United
States filed lawsuits against the exchange and its founder for allegedly
conducting illegal activities and offering instruments that should be
registered as securities. Over time, these issues have spilled over into other
markets, including several European countries and Australia. Faced with
challenges in multiple jurisdictions and the loss of talent, Binance has
increasingly focused on growth in Asia and the Middle East, eriti
Araabia Ühendemiraatides (AÜE).

Alex
Chehade, the Head of Binance’s Dubai operations, recently stated that the UAE offers
a stable and transparent regulatory environment that is ideal for
cryptocurrency businesses. In an interview with Cointelegraph, Chehade
emphasized that Binance chose the UAE for its operations because the local laws
provide a sense of certainty that is crucial for business growth. Operating in
a jurisdiction with fluctuating regulations is not conducive to building a
large enterprise, and the Middle East is seen as offering the stability that
Binance seeks.

Eelmine kuu,
Binance’s Dubai subsidiary received an Operational Minimum Viable Product (MVP)
license from Dubai’s Virtual Asset Regulatory Authority (VARA). This
development marks a significant step forward for the company, allowing it to
offer virtual asset exchange and broker-dealer services to both institutional
and qualified retail investors in Dubai.

Samal ajal
Binance has been invited to establish a presence Hong Kong by Johnny
Ng, a member of Hong Kong’s Legislative Council.

see
invitation came as Hong Kong opened its doors to cryptocurrency retail trading
juunis.

Normatiivne
issues around the world have led to the departure of several key executives
from Binance, increasing the number to five. Mayur Kamat, the Global Product
Lead, has stepped down after more than a year with the company. Exchange’s
growing regulatory challenges may be the main reason for the talent drain.

Binance Loses Two More
Employees Over the Weekend

.
cryptocurrency exchange, Binance confirmed in a statement that Kamat, who joined
the,en vahetamine in April 2022, has resigned from his role as product lead.

"Me
are grateful to him for helping guide Binance through some of our most
explosive growth and we wish him the very best,” a spokesperson for the
exchange was quoted by CoinDesk.

See pöördub
out Kamat is not the only executive that Binance lost this weekend. Earlier reports that were published on Friday revealed that Leon Foong who oversaw operations in the
Asia-Pacific region decided to leave the platform. Foong was responsible
for the company’s growth in Japan, South Korea, and Thailand.

Recently, Binance has seen other departures. The exchange has bid farewell to three other
executives in the past few months. The latest executives exiting from the firm expand this list to five
significant names, including Matthew Price, the Senior Director of Investigations, Patrick Hillmann, the Chief Strategy Officer, and Steven Christie, the Senior Vice President for Compliance.

Hong Kong and UAE Become
Key Regions for Binance

Binance's
regulatory troubles began this year when both the CFTC and SEC in the United
States filed lawsuits against the exchange and its founder for allegedly
conducting illegal activities and offering instruments that should be
registered as securities. Over time, these issues have spilled over into other
markets, including several European countries and Australia. Faced with
challenges in multiple jurisdictions and the loss of talent, Binance has
increasingly focused on growth in Asia and the Middle East, eriti
Araabia Ühendemiraatides (AÜE).

Alex
Chehade, the Head of Binance’s Dubai operations, recently stated that the UAE offers
a stable and transparent regulatory environment that is ideal for
cryptocurrency businesses. In an interview with Cointelegraph, Chehade
emphasized that Binance chose the UAE for its operations because the local laws
provide a sense of certainty that is crucial for business growth. Operating in
a jurisdiction with fluctuating regulations is not conducive to building a
large enterprise, and the Middle East is seen as offering the stability that
Binance seeks.

Eelmine kuu,
Binance’s Dubai subsidiary received an Operational Minimum Viable Product (MVP)
license from Dubai’s Virtual Asset Regulatory Authority (VARA). This
development marks a significant step forward for the company, allowing it to
offer virtual asset exchange and broker-dealer services to both institutional
and qualified retail investors in Dubai.

Samal ajal
Binance has been invited to establish a presence Hong Kong by Johnny
Ng, a member of Hong Kong’s Legislative Council.

see
invitation came as Hong Kong opened its doors to cryptocurrency retail trading
juunis.

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