A place for developers to talk about building on Farcaster.

/dev

Binance plans to hire 1,000 new employees in 2024, mostly focused on compliance-related roles.  The company's annual cost of regulatory requirements, including US oversight under an agreement, now exceeds $200 million.

Binance's move to hire 1,000 employees for compliance shows the increasing importance of regulatory adherence in the crypto space. The significant cost of meeting regulatory requirements highlights the challenges faced by major players like Binance in navigating the evolving regulatory landscape.