Binance Hires Ex-FCA and Ex-FINRA Regulators to Enhance Compliance
The leading cryptocurrency exchange Binance has announced adding former Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA) members to its team.
The two new team members are tasked to support the exchange improve its regulatory compliance with jurisdictions around the world.
Steven McWhirter (FCA) will join the company as Director of Regulatory Policy, to ensure Binance meets its regulatory obligations to the best degree possible. He previously worked with multiple policy groups in the UK, EU, and other countries in policy expert roles.
Seth Levy (FINRA) will be Binance’s new Head of Market Surveillance, helping to surveil crypto trading by building and implementing related infrastructure. As Senior Director of Trading Analysis at FINRA, his team surveilled US equity markets and investigated misconduct.
The FCA is a financial regulatory body in the United Kingdom which operates independently from the government. FINRA is a private American watchdog that oversees its member firms.
According to Binance CEO Changepeng Zhao, McWhirter and Levy joining the crypto exchange team is very beneficial to both Binance and the wider crypto industry.
McWhirter said:
“My efforts will support Binance by ensuring that the regulatory global compliance is enhanced in tandem with crypto and blockchain innovation.”
