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Binance and Binance USA are strengthening their legal team.
Cryptocurrencies have been on the decline in recent weeks. Market uncertainty is increasing. The company will strengthen its legal team for any possible investigation.
Another reason for this strengthening: There may be efforts to gain even greater market share in the EMEA and APJ markets. No lawsuit has been filed against the company yet. Recent agreements may complicate the recruitment of lawyers.
More than 40 Position Applicants Available
The overwhelming majority of open positions are with Binance Holdings Ltd.
Two positions in the legal division of Binance USA are receiving applications. In contrast, Binance Holdings currently has 42 positions open in its legal division.
Part of a Greater Push for Stronger Regulation
The value of all digital assets has dropped by over $500 billion since the beginning of May alone. Most crypto exchanges are trying to strengthen security for future illegal activities.
Binance spokesperson Jessica Jung said:
We’ve been working on deploying our regulatory, compliance and security teams for months. We work with regulators to achieve our common goal; Helping the cryptocurrency industry grow responsibly and providing even greater security for consumers.
Binance had a lot of regulatory issues last year. The firm has weathered the storm and has recently been licensed to operate in several jurisdictions.
The company, along with other crypto exchanges, has received a license to operate a store in Dubai as a limited virtual asset service provider.