Binance Boosts Compliance Amid Major Changes
Binance is expanding its compliance team and emphasizing crypto education as it adapts to new regulations and a reduced role for founder CZ.
Binance is ramping up its compliance efforts, with 500-600 employees currently dedicated to regulatory tasks and plans to grow that number to 700-800 by year-end. Despite founder Changpeng Zhao (CZ) remaining as the ultimate shareholder, he is no longer involved in day-to-day operations due to a settlement agreement. Binance’s compliance focus is not new—according to Vishal Sacheendran, Head of Regional Markets, it has been a priority for over four years.
The exchange continues to expand its presence, recently achieving its 19th global registration in India. However, many speculate on how CZ’s detachment might impact Binance-related tokens, though Sacheendran believes U.S. federal rate cuts will have a more significant influence on the market.
Looking ahead, Sacheendran predicts 2025 will be a pivotal year for crypto, as regulations start catching up to innovation. Binance has prioritized crypto education, collaborating with universities and high schools in places like Kazakhstan to teach blockchain basics. Educating new investors is seen as essential to fostering a more informed community that isn’t just chasing market hype.
The company has extended its educational outreach to law enforcement and government agencies around the world, offering cybersecurity and compliance training. Sacheendran believes that, much like traditional AML and KYC training, such education should become mandatory for the crypto sector.
Binance’s approach to education is part of a broader strategy to align with diverse jurisdictions. For example, Japan was among the first to establish a comprehensive crypto framework. Similarly, Abu Dhabi Global Market (ADGM) set an early standard in Abu Dhabi, a region where Sacheendran himself played a role in regulatory developments. Each market has its own risk appetite, and the challenge is to create rules that foster growth rather than stifle innovation.
The MENA, Latin America, and Southeast Asia regions show the highest crypto adoption rates, with countries like Indonesia, Thailand, and India leading the way. Conversely, other jurisdictions remain hesitant due to regulatory concerns and talent drain.
Despite these challenges, Binance is determined to be a leader in setting industry standards, pushing for responsible regulation and comprehensive education. As the industry evolves, the key will be balancing compliance and growth, while ensuring crypto remains accessible and secure for everyone involved.
