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.
Bitzlato and Binance accused of creating and processing illegal assets
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.
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