The U.S. unit of crypto exchange Binance has hired ex-FBI agent BJ Kang as its first head of investigations, according to a statement released Thursday.
Kang would work closely with law enforcement and regulators to "identify and mitigate criminal activity" related to digital assets on the company's US platform, said Binance.US.
Binance.US has been increasing its regulatory staff, with headcount in up 145% in that department so far this year and more than 20% of the company's staff now working in legal, compliance and risk operations, according to the WSJ story.
"BJ will lead and oversee all aspects of Binance.US’ commitment to protect users through developing investigations infrastructure to prevent criminal activity related to digital assets along with partnering closely with law enforcement, regulators, and industry peers," a spokesperson for Binance.US told CoinDesk.
Kang previously led insider-trading probes into New York Mets owner Steve Cohen and former hedge fund manager Raj...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...