- Binance has rehired its former executive, Steve Christie.
- Christie will take over as Deputy Chief Compliance Officer.
- Steve Christie will ensure the exchange is aligned with regulatory practices.
2023 was a challenging year for Binance in terms of legal battles, executive departures, regulatory uncertainties, and more. However, things improved after its former chief, Changpeng ‘CZ’ Zhao, was ousted, and the exchange settled with the US government for $4 billion.
With the path looking much clearer for Binance under Richard Teng’s leadership, executives and users are returning to the exchange with renewed confidence.
Steve Christie Takes Over Binance’s Global Compliance
Binance announced that it rehired its former Senior Vice President of Compliance, Steve Christie. The ex-director will be starting as the firm’s Deputy Chief Compliance Officer.
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According to the notice, Christie will help strengthen the crypto exchange’s global compliance program and work with regulators, industry leaders, and others to keep Binance aligned with regulatory practices.
Christie initially left to focus on health and family, the exchange wrote in its announcement. Christie will take over Kristen Hecht’s role as Binance’s former Deputy Chief Compliance and Global Money Laundering Reporting Officer and work alongside Noah Perlman, the firm’s Chief Compliance Officer.
Speaking on Steve Christie’s experience, Noah Perlman shared,
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“Steve’s familiarity with Binance and deep compliance expertise makes him the perfect person to assume the DCCO role,”
“When Steve first joined Binance in 2022, the compliance team underwent fast growth and made tremendous efforts and investments to strengthen and mature its compliance culture and program, which Steve helped lead.”
As Binance meets new changes and challenges, Noah Perlman said he was thrilled to have Christie back.
On the Flipside
- Binance is still battling the US SEC over allegations of securities violations.
- Binance recorded net inflows of $4.6 billion following its settlement in November to mid-January.
- Steve Christie previously worked at rival crypto exchange Kraken.
Why This Matters
Steve Christie’s return to Binance marks a pivotal moment for the platform and its users. As the world’s largest exchange moves forward with fewer uncertainties, Christie’s wealth of experience becomes instrumental in steering the exchange towards strict adherence to regulatory standards and adeptly addressing potential challenges.
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