Binance opens positions to strengthen its legal team as can be seen from the exchange’s listings so let’s read more today in our latest Binance news today.

The dozens of open positions on Binance and Binance US suggest the company only aims to strengthen the legal team amidst the growing uncertainty caused by the bearish run across cryptocurrencies in the past weeks. The legal team is looking to shore up the defenses in case of possible inquiries from regulatory bodies. As binance opens new positions, it can only be an indicator of the company’s planning to boost efforts at securing a more significant market share across EMEA and the APJ Markets. Binance was not facing any lawsuits at the momentum and was granted da seal of approval by authorities in France indicating that the legal counsel is boosting efforts.

Colombian Users, binance, exchange, funds

Despite the recent upheavals in Binance’s US leadership, the majority of the open positions are with Binance Holdings LTD with the company being responsible for the activities outside of the US. The two positions in the legal division at Binance US are taking applications and Binance holdings have 42 positions across the legal own legal division. The majority are countries in the EMEA region but the job openings are available in LATAM, Singapore, and Hong Kong.

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As the value of the digital assets took a tumble of over $500 billion since the start of May and most exchanges are making a concentrated effort to increase the regulatory oversight which can prevent future issues. Speaking on the matter, the spokesperson for Binance Jessica Jung, reiterated Binance’s focus on protecting consumers from other parties:

“We have been working to staff our regulatory, compliance and security teams for months. We are working with regulators to achieve our mutual objective; To help the cryptocurrency industry grow responsibly and provide even greater security for consumers.”

Binance had a lot of regulatory issues with most watchdogs questioning its operations. Still, it seems as if the company is able to weather the storm and recieved licenses to operate in a few jurisdictions. The company along with other exchanges and got a license to run a shop as a limited virtual asset service provider in Dubai so it recieved the first EU Regulatory approval from the regulators in French.

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