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Binance plans to expand its compliance department to 700 employees.
The total number of company employees is 5,000. This was reported by the head of the company, Richard Teng.
Teng noted that Binance receives more and more requests from law enforcement agencies around the world, this year their number reached 63,000, and last year — 58,000.
The company's expenses for regulatory compliance also exceeded $158 million.
In addition, the exchange is now choosing a location for its headquarters. In particular, Dubai, Abu Dhabi and another city are being considered, which Teng did not name.
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