Binance Hires The Deputy General Counsel Of French Financial Regulator.
Binance has hired Stéphanie Cabossioras from France’s Autorité des Marchés Financiers (AMF), marking the latest instance of a cryptocurrency exchange recruiting employees from a financial regulator.
According to her LinkedIn profile, Cabossioras was the AMF’s deputy general counsel until March. On Wednesday, she is scheduled to speak for the crypto exchange platform at the Paris Blockchain Week Summit on the topic of “leveraging blockchain to prevent crime.” Cabossioras is now a Binance employee, according to a Binance staffer at the exchange’s conference stand.
As the industry strives to connect with financial authorities, recruitment is the latest example of a crypto exchange recruiting expertise from a regulator. Binance just appointed Steven McWhirter, a UK Financial Conduct Authority officer, as its global director of regulatory policy.
The company CEO Changpeng Zhao announced a 100 million euro ($108 million) investment in France earlier in the day, stating the country is “uniquely positioned to be the leader of this industry in Europe.”
Companies will benefit from development help from the BNB Chain, NFT Labs, as well as potential relationships with the company’s partners, as part of the arrangement.
The crypto exchange platform is also providing phone line customer service, starting with Turkish support, Zhao said in the opening keynote of the Paris summit. The company, which currently provides chat-based support, plans to expand to include phone-based service in all locations in the future.
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