According to @Cointelegraph, @binance plans to hire 1,000 new employees this year, with 20% focused on compliance, expanding their #compliance team to 700 by the end of 2024.
In the #crypto space, strong compliance is essential for #global operations.
Is your #business ready?
๐งต #Cryptocurrencies offer financial freedom but can also be misused by sanctioned entities and terrorist organisations. Hereโs why #compliance is crucial to prevent this.
๐จ In conclusion, while Crypto trading can be lucrative, it's fraught with risks.
Understanding and mitigating these dangers can help you avoid losing money.
Always trade wisely and stay informed!
#Crypto#CryptoTrading#Web3#Compliance
๐งต6 Dumb Ways to Lose #Money in #Crypto ๐จ Trading crypto can be rewarding, but it's filled with risks.
Here are some of the dumbest ways to lose money in the crypto world.๐
6. Market Manipulation Heist ๐ญ
The crypto market is prone to manipulation by powerful entities. #Pump-and-dump schemes are common.
Conduct thorough #research and be cautious of schemes promising quick #profits .
https://t.co/KuRGldLi19
Regulators donโt want box-ticking.
For a line of defence against frauds and criminal activity, a comprehensive compliance solution should go beyond just KYC!
https://t.co/cLczsQUz69
#CompliantDefi#stablecoin#crypto#web3#blockchain
Seems like a big deal for stablecoins.
The Swiss financial regulator, FINMA, says that the identity of anyone holding a stablecoin must be "adequately verified by the issuing institution."
So the KYC-lite model that stablecoins have relied on till now won't fly in Switzerland.
DEXs have reached a record high mkt share of 14.22%, surpassing CEXs in Monthly Trade Volume.
As DEX popularity surges due to enhanced #security and #privacy, #compliance remains essential to ensure long-term growth and #stability .
#CompliantDefi
https://t.co/0jhbddNyZT
Here's a Twitter thread summarising the @Cointelegraph article by @intrinsicdefi (https://t.co/5StBdMwxgF) on the potential issues a new SEC chairman under Trump might tackle:
Trump has shown fluctuating views on crypto. His administration's policies could shape the future of the crypto industry in the U.S. What are your thoughts? #CryptoPolicy