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Binance to hire 1,000 this year, spend more than $200 million on compliance

Binance Holdings Ltd. is hiring 1,000 people this year, many of whom have been designated for compliance positions, as the cryptocurrency exchange spends more than $200 million annually to meet regulatory requirements, including U.S. regulation under plea agreements. Chief Executive Officer Richard Teng is visiting the United States to speak with regulators and officials, and he outlined that goal in an interview in New York on Wednesday.