**Binance Bounces Back with Compliance as a Competitive Edge! ๐**
- Binance, home to 36% of global crypto holders, faced a $4.3 billion fine from the US DOJ but dodged criminal charges.
- Founder CZ stepped down, but Binance is now seeing compliance as its secret weapon, investing nearly $200M in the past two years.
- New CEO Richard Teng says compliance is their "competitive advantage," with 20% of new hires in 2024 focused on legal matters.
- Despite global regulatory challenges, Binance is beefing up its compliance team to 700 by year's end.
- CZ, post-AML sentence, plans to focus on nonprofit work in education.