Binance is significantly expanding its compliance department, increasing its staff by 34% to reach a total of 645 full-time employees by the year's end. The move, announced on November 22, comes as part of the exchange's commitment to regulatory compliance and follows a tumultuous year of negotiations with U.S. regulators. Binance has seen a 36% rise in compliance spending during this period and aims to bolster user protection and ensure sustainable growth in the sector. The company's hiring includes personnel from traditional finance and government agencies, with notable positions filled by Todd McElduff as enterprise compliance director and Céline Inial and Caner Akyürek as special investigations specialists for France and Turkey. This effort follows the resignation of founder Changpeng Zhao, amid legal scrutiny, and highlights Binance's ongoing transformations towards regulatory adherence and industry standards.

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