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Binance continues push to become regulated crypto exchange with new hire


Crypto exchange giant Binance has hired Mark McGinness, former head of international relations at the Dubai Financial Services Authority (DFSA), as its chief regulatory liaison officer.

According to an announcement issued on Thursday, Binance stated that McGinness will contribute to the company’s push towards better relations with regulatory bodies across the globe.

Indeed, McGinness is the latest Binance hire with expertise in regulatory compliance and engagement with financial regulators.

Before his stint with the DFSA, McGinness was also the head of international relations at the Australian Securities and Investment Commission.

The former DFSA executive has also held advisory positions at the International Monetary Fund.

In a conversation with Cointelegraph, McGinness stated that he plans to leverage the experiences gained and relationships cultivated during the course of his career to improving Binance’s standing with regulators, adding:

“I am looking forward to bringing this experience to Binance where I shall be working with these industry leaders and policymakers to assist not only in setting best practice and regulatory frameworks, but also in broadening their understanding of the blockchain and crypto industry.”

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