Binance Appoints Former US Treasury Executive Amid Increased Regulatory Scrutiny
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The world’s largest cryptocurrency exchange Binance has announced the appointment of former US Treasury Criminal Investigator Greg Manahan as the organization’s new Global Money Laundering Reporting Officer. This strategic addition to the Binance team comes amid heavy scrutiny from global regulatory bodies.
According to the official press release from the exchange, Monahan has thirty years of expertise working with the credit government service as a US Treasury Criminal Investigator. This position allowed Manahan to lead international investigations that led to the takedown of several notorious cybercriminals and terrorist organizations. The newly-appointed Global Money Laundering Reporting Officer noted that:
“Binance has a strong culture of putting their users first, from providing market-leading products to supporting high-profile investigations that help make the crypto industry a safer place.”
Monahan further explained what his role in the company would entail, which includes expanding the exchange’s international anti-money laundering (AML) and investigation compliance and programs. He noted that his focus also covers bolstering Binance’s relations with global regulatory agencies.
As mentioned earlier, the behemoth crypto exchange already has a frayed relationship with global watchdogs and is under immense scrutiny. This pressure has caused that company to suspend some of its operations in several countries.
Key Binance Coin Levels to Watch — August 18
Following the emergence of a double-top pattern yesterday, Binance Coin (BNB) posted a sharp drop near the pivotal $380 support level as the broader market’s bullish momentum slows down. The correction faced some resistance at the $385 level, which has helped the cryptocurrency push above the $400 line.
That said, we expect a bullish continuation over the coming hours and days back to the $435-37 axis. As long as BNB stays above the $380 support, bulls remain the dominant drivers of the market.
Meanwhile, our resistance levels are $410, $436, and $460, and our key support levels are $380, $350, and $340.
Total Market Capitalization: $1.98 trillion
Binance Coin Market Capitalization: $61.8 billion
Binance Coin Dominance: 3.12%
Market Rank: #5
