2023 was a challenging year for Binance in terms of legal battles, executive departures, regulatory uncertainties, and more. However, things took a turn for the better 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 out as the firm’s Deputy Chief Compliance Officer.
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,
“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 shared that he was thrilled to have Christie back.
