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Cryptocurrency exchange Binance has just appointed Mark McGinness, former Head of International Relations at the Dubai Financial Services Authority (DFSA), as Chief Regulatory Liaison Officer of the company, according to the press release seen by iHodl.

The trading platform, which is committed to lead the industry in closely working with regulators as it charters a path forward to become a financial institution, has expanded its international compliance team and advisory board by 500% since last year.

For example, the company has recently appointed Greg Monahan, former US Treasury Criminal Investigator, as Global Money Laundering Reporting Officer (GMLRO); as well as Tigran Gambaryan and Matthew Price, both former Special Agents of the Internal Revenue Service (IRS), as Global Intelligence and Investigations and Senior Director of Investigations, respectively.

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Mark has a wide experience leading financial services regulators, working with industry stakeholders, international regulators as well as regional securities and insurance commissions.

In addition, in his previous role, in which he led the international engagement for the DFSA, he played an essential role establishing a global network of more than 85 regulators and settled 100 Memoranda of Understanding for the financial center.

The exchange CEO Changpeng Zhao has said on the appointment:

"Mark joining our leadership is not only a huge step forward for Binance, but the industry as a whole, as we work to grow the industry responsibly with the support of regulators and policymakers across the globe."

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