Cryptocurrency exchange Binance intends to resolve the conflict with the Canadian financial regulator by hiring ex-employees of the Securities Commission
Binance cryptocurrency exchange has registered three new legal entities in Calgary, Canada. Writes about this edition of the Financial Post. The exchange also reportedly hired two Canadian-born financial regulators to resolve a dispute with the Ontario Securities Commission.
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The publication also found that the exchange has opened seven vacancies in Canada, including a vacancy for a junior regulatory analyst. One of Binance’s appointees is the former head of compliance at Coinsquare, Lawrence Truong. He also worked analyst at the Alberta Securities Commission. At the exchange, Truong took over as Vice President of Binance Canada.
Recall that at the end of December, the Ontario Securities Commission accused Binance of unwillingness to comply with previously agreed obligations. In response, the exchange told the regulator that starting in 2022, it will not accept clients from Ontario.
Read also: Regulators vs. Binance. Chronology of events
It is not the first time that the crypto exchange has hired people from regulatory agencies to resolve issues. Earlier, the editorial office reported that the ex-head of the Department for the collection and processing of reports at the Bank of Russia Olga Goncharova will help Binance build “systemic interaction with authorities” both in the Russian Federation and throughout the CIS.
In addition to Goncharova, the exchange has appointed Tokenbox co-founder Vladimir Smerkis as director of Binance Russia. Previously, he worked for Mail.ru Group and A1 TV channel.
Kirill Khomyakov has been appointed to the post of general manager in Ukraine. Prior to that, Khomyakov worked for Intesa San Paolo, BNP Paribas, Piraeus Bank, and Mellon Ukraine. Gleb Kostarev, director of Binance in Eastern Europe, believes that the appointments “will have a positive impact on strengthening Binance’s presence in Russia, Ukraine and Eastern Europe.”
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