Krutika Adani
Binance CEO Richard Teng has led the company in a new direction towards a fully law-compliant future.
After spending multiple years in different kinds of bans, Binance has re-entered multiple markets like India.
In addition to the $86 million in penalties, Binance had to pay an additional $2-$3 million and several other compliance fees in the country.
Rather than hiring lawyers, compliance consultants and paying them a hefty fees, in-house compliance staff are always more beneficial and less costly.
With the end of troubles in two of its largest markets, India and the US, Binance has entered a new era of high growth in 2024.