Binance reveals sanctions exposure fell 96.8% since January 2024

From thestreet.com

Across traditional banking, fintech, and crypto markets, financial crime risk is a constant. The defining test for any institution is not the absence of risk, but how effectively it is identified, investigated, mitigated, and reported. Binance states that recent coverage in the crypto space fails to reflect how these mechanisms operate in practice. The company is defending its regulatory framework against recent reports, citing hundreds of millions of dollars invested in compliance infrastructure and sweeping structural reforms over the past two years. According to the cryptocurrency exchange, effective compliance is ... (full story)