Binance is the world’s largest cryptocurrency exchange. Every person who’s interested in cryptocurrency probably owns a Binance account. It is a company with a lot of potential growth and development. Being one of the most known platforms in the cryptocurrency area, every movement of the company is anticipated by a lot of people. Recently, the company has made yet another significant strategic move in one of the world’s most active cryptocurrency mining areas. A greater emphasis is being placed on enhancing compliance throughout the Commonwealth of Independent States (CIS), Russia, and Ukraine. As such, the company, Binance hires an ex-central banker for compliance in the CIS and Russia.
The world’s largest cryptocurrency exchange is aiming to expand its operations in the region. Not only that, it also aims the improvement of local cryptocurrency compliance. and education. This is all came from the director of Binance’s Eastern Europe’s director, Gleb Kostarev. He also stated that the organization intends to concentrate on the development and community of the Binance Smart Chain in the local area.
As part of this endeavor, Binance announced several new appointments in the region. This includes Olga Goncharova. She will serve as the company’s director of government relations in Russia and the Commonwealth of Independent States.
Olga Goncharova previously was a director of the Bank of Russia. She was responsible for the bank’s report processing department. She held this position she held since 2014. Olga Goncharova was in charge of processing financial statements from enterprises that were under the supervision of the central bank. She was also in charge of various Bank of Russia projects that were related to fintech and digital transformation.
Binance hire several notable figures from the banking industry.
Binance places a high value on regulation and compliance in the jurisdictions where it conducts business. The company has a unique community, cutting-edge technology, and an innovative approach to working provide. In addition, Olha Goncharova believes in the company’s tremendous prospects for growth. Goncharova stated.
As a director of Binance Russia, Vladimir Smerkis, co-founder of cryptocurrency platform Tokenbox, has also joined Binance. This is all part of the company’s expansion. Furthermore, Kirill Khomyakov, a former BNP Paribas executive will serve as general manager of Binance Ukraine. He is among the other new regional employees.
According to Kostarev, the track record of success of the new executives will undoubtedly have a beneficial impact on Binance’s rising presence. Especially in places like Russia, Ukraine, and Eastern Europe.”
Binance’s latest announcement represents a significant strategic shift for the company. It is given that the region has been rapidly rising as one of the world’s largest cryptocurrency hotspots and mining centers.
Kazakhstan, a major member state of the Commonwealth of Independent States (CIS), is the second-largest Bitcoin (BTC) mining country after the United States. It’s accounting for 18 percent of the total Bitcoin hash rate as of October 2021. It is in second place only in Kazakhstan in terms of BTC mining hash rate. Russia accounts for 11 percent of the total worldwide BTC mining hash rate and is the third-largest visitor to Binance’s website. This is all according to data from SimilarWeb.