Binance.US Hires Intel’s Compliance Chief Majalya

CryptocurrencyBinance.US Hires Intel’s Compliance Chief Majalya



Binance’s U.S. affiliate on Thursday said it hired Intel’s top compliance executive as the crypto exchange’s chief risk officer.

Sidney Majalya, a former federal antitrust attorney with stints managing Oracle’s and Uber’s compliance offices, will join Binance.US in January, according to a tweet. He’s been vice president of legal and chief compliance officer for the chip manufacturer since August 2019, according to his LinkedIn profile.

He will report directly to Brian Shroder, Binance.US CEO since October, a blog post said.

Shroder’s bringing on of Majalya, the Binance.US CEO’s first executive in the “risk” division, telegraphs the exchange means business on the compliance front. That could be pivotal as U.S. lawmakers continue to apply pressure to the nascent crypto industry, which some have argued is under-regulated.

Binance.US is deeply committed to compliance, and our priority is to maintain and grow a world-class compliance and risk organization that earns the utmost confidence and trust of our customers, investors and regulators,” Majalya said in a statement.

He did not return an email seeking comment. Representatives for the exchange did not immediately return comment.

See more: Binance CEO ‘CZ’ Responds to Global Regulatory Pressure, Calling Compliance a ‘Journey’

CORRECTION (Dec. 18, 23:24 UTC): Corrects spelling of Binance.US CEO’s name.



Learn more

Latest news

Australian Crypto Exchange Swyftx Cuts 90 Jobs Amid Crypto Winter

The job cuts would equate to a reduction of almost 45% of Swyftx's workforce. Learn more

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

(Bloomberg) -- Speculators cleaving to the view that the crypto rout is mostly over are at risk of...

Australian Crypto Exchange Announces Massive Layoffs

Alex Dovbnya Swyftx has fired more than a third of its staff, with the ongoing cryptocurrency winter becoming increasingly...

Ripple Price Analysis: Bears Active Near $0.40

Ripple price started a fresh decline from the $0.4100 resistance against the US dollar. The price is now trading...

How Secure Is Social Security?  

The long-term funding shortfall threatening Social Security has garnered so much public notice that consistently overwhelming majorities of...

CRO Price (Cronos) Pumps Over 12%, Why This Could Be The Start of Bigger Rally

CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong...

Must read

Australian Crypto Exchange Swyftx Cuts 90 Jobs Amid Crypto Winter

The job cuts would equate to a reduction...

Bitcoin Sinks Further 70% in Standard Chartered List of Possible 2023 Upsets

(Bloomberg) -- Speculators cleaving to the view that...

Australian Crypto Exchange Announces Massive Layoffs

Alex Dovbnya Swyftx has fired more than a third...

You might also likeRELATED
Recommended to you