Major cryptocurrency exchange firm Binance boosts compliance amid global probe

Binance is currently facing multiple probes by regulatory authorities in the US, Britain, Japan, Germany and Thailand. Concerns have been raised about the cryptocurrency’s activities amid a worldwide crackdown on virtual coin trade this year.

Major cryptocurrency exchange Binance, which is facing regulatory probe in multiple countries, has planned to double its compliance team. The scrutiny on the major cryptocurrency exchange has led to weakness and uncertainty in the virtual coin market since last week. Binance is currently facing multiple probes by regulatory authorities in the US, Britain, Japan, Germany and Thailand. Concerns have been raised about the cryptocurrency’s activities amid a worldwide crackdown on virtual coin trade this year.