Cypher
NewsStablecoin

Noah Perlman, Former COO of Gemini, Joins Binance

Noah Perlman, previously of Gemini Trust and acting as its Chief Operating Officer (COO), has reportedly begun a new post at the Binance firm, the top cryptocurrency trading platform around the world, as stated in a recent tweet by Wu Blockchain.

Noah Perlman joined Binance as Chief Compliance Officer

Bloomberg has reportedly stated that Noah Perlman would be taking the Chief Compliance Officer role at the cryptocurrency exchange Binance. Perlman stepped forward to take on this new role amidst the controversy when the cryptocurrency firm was challenged with regulatory penalties due to a decline in digital assets and blowups like those with a rival company, FTX.

The New York State Department of Financial Services announced earlier this week that it had issued an order for the Paxos Trust Co., which had worked with Binance, to halt the production of the Binance USD (BUSD) stablecoin. This order was given in response to a complaint that the New York State Department of Financial Services had received. Around $16 billion worth of BUSD tokens is now circulating on the market.

Cypher

Bitzlato and Binance accused of creating and processing illegal assets

📰 Also read:  Mistral Nets $644M Funding in $6B Valuation Amid Open-Source AI Boom

A digital asset marketplace known as Binance was accused of creating and processing illicit assets with a value of millions of dollars only one month ago, together with another platform known as Bitzlato.

Perlman’s departure from the cryptocurrency exchange was precipitated by several factors, including the volatility of digital asset markets and the insolvency of partner Genesis, from whom a significant number of Gemini users had borrowed their currencies.

Tammy Weinrib, formerly the vice president of financial crime compliance at Societe Generale, has been recruited at Societe Generale as the top compliance officer. However, it is unknown whether or not she is still working there. Additionally, in 2022, Binance recruited Steven Christie, the chief compliance officer of Kraken, to serve as the company’s senior vice president of compliance.

📰 Also read:  UK Data Watchdog Questions Microsoft's AI Over Frequent Screenshots

Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  UK Data Watchdog Questions Microsoft's AI Over Frequent Screenshots

Cypher

Curtis Dye

Curtis is a cryptocurrency news and analytics author with a focus on DeFi, BLockchain, CeFi, NFTs etc. He has publication skills such as SEO optimization, Wordpress, Surfer tools and aids his viewers with insights on the volatile crypto industry.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content