Binance Hires Former IRS Special Agent to Boost Regulatory Compliance
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Behemoth cryptocurrency exchange Binance continues to show commitment to complying with Global best practices as it announces the employment of an intelligence and investigations executive.
According to the official press release yesterday, the company employed former IRS staff Tigran Gambaryan as the company’s new Vice President of Global Intelligence and Investigations. Gambaryan worked with the US Internal Revenue Service as a Special Agent for ten years.
Per the release, the new executive “will focus on external and internal investigations to prevent threats and financial losses.” Additionally, the audit and investigative team, co-headed by Binance Chief Security Officer Jimmy Su, will work hand-in-hand with regulators and law enforcement agents globally.
Commenting on the appointment, Gambaryan asserted that he plans on educating the global law enforcement community on the company’s devotion to ensuring adherence to best regulatory practices. The new executive added that:
“Compliance is the first line of defense. We will work closely with our colleagues in compliance to identify criminals and refer them for prosecution. The constantly evolving crypto industry requires strong cooperation between the industry, law enforcement, and regulators. Our goal is to increase trust in cryptocurrency by establishing Binance as the leading contributor in the fight against human trafficking, ransomware and terrorism financing.”
Key Binance Coin Levels to Watch — October 1
Binance Coin (BNB) has enjoyed a parabolic bull run since Wednesday amid recent positive utterances from Fed Chair Jerome Powell. BNB has now re-emerged above the $400-10 area as bulls aim for the $450 resistance level.
That said, the bull run today got capped by the 200 SMA around $415 on our 4/hour chart. Bulls need to take this technical point in the coming hours to trigger a bullish continuation. Failure to do so could send BNB back towards or below the $400 psychological support.
Meanwhile, our resistance levels are $415, $430, and $440, and our key support levels are $410, $400, and $380.
Total Market Capitalization: $2.07 trillion
Binance Coin Market Capitalization: $69.6 billion
Binance Coin Dominance: 3.38%
Market Rank: #4
