Binance institutional and VIP head Catherine Chen says it has “fully” embraced the challenges that came after the exchange’s $4.3-billion settlement with the United States.
Binance’s record-breaking $4.3-billion settlement with the United States last year was a “turning page” for the exchange, which is welcoming the “coming wave of regulation,” said its head of institutional and VIPs Catherine Chen.
Part of Binance’s settlement saw it employ an independent compliance monitor for three years and agree to a five-year U.S. Treasury monitor, which Chen said was “frankly, a great thing from my perspective” on an April 10 Paris Blockchain Week panel moderated by Cointelegraph editor-at-large Kristina Cornèr.
Chen also brushed off concerns that Binance’s performance would suffer under the monitoring agreement, claiming it had “been preparing for it.”
