Binance US CEO Resigns As Crypto Exchange Faces Growing Regulatory Oversight – Bitcoin Exchanges News – .

Binance US CEO Resigns As Crypto Exchange Faces Growing Regulatory Oversight – Bitcoin Exchanges News – .

Former interim currency controller Brian Brooks resigned as CEO of Binance US after just over three months. He cited “differences in strategic direction”. Meanwhile, Binance is under regulatory scrutiny around the world, including the UK, Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania.

Binance US CEO resigns

Binance US CEO Brian Brooks announced on Twitter on Friday that he had resigned from Binance. The former acting controller of the currency and former legal director of cryptocurrency exchange Coinbase tweeted:

Greetings to the crypto community. I let you know that I have resigned as CEO of Binance US. Despite the differences on the strategic direction, I wish my former colleagues every success.

Brooks joined Binance in early May following his resignation as interim controller of the currency on January 14, before President Joe Biden took office.

In response to Brooks’ announcement, Binance US posted on Twitter from Changpeng Zhao, CEO of Binance and Chairman of the Board of Binance US.

“I remain confident in the business of Binance.US and in its commitment to serve its customers and innovate,” he wrote. “This transition will have no impact on Binance.US customers as the company will continue to provide best-in-class products and services. “

Wishing the former Acting Controller “the best in his future endeavors,” Zhao further tweeted, “We hope he will continue to be an integral part of the growth of the crypto industry, advocating for regulations. that drive our industry forward. “

A number of regulators around the world have issued warnings regarding Binance, including in the UK, Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany and Lithuania.

Several banks in the UK have also suspended payments to Binance, including Barclays, Santander, Natwest and HSBC.

In a recent interview, the CEO of Binance commented on the growing regulatory oversight, stating that Binance is looking for a CEO with a solid background in compliance. In addition, he said the company wants to be regulated everywhere and become a financial institution. Zhao also tweeted on Friday that Binance was “moving from reactive compliance to proactive compliance,” asking people to “stay tuned.”

What do you think of Brian Brooks’ resignation as CEO of Binance US? Let us know in the comments section below.

Tags in this story

Binance CEO, binance compliance, binance regulation,, brian brooks, Changpeng Zhao, Coinbase, controller of the currency, CZ, OCC, regulation, regulatory oversight

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