1 year ago
Stéphanie Cabossioras has stepped down from her relation arsenic the enforcement manager of Binance France, becoming astatine slightest the 10th elder enforcement to permission Binance this year.
In an Oct. 19 station connected X (formerly known arsenic Twitter), Binance France nonmigratory David Prinçay confirmed Cabossioras’ departure and expressed his gratitude for her enactment astatine the exchange.
Nous remercions Stéphanie determination sa forte publication à Binance France et lui souhaitons le meilleur determination lad prochain défi.
— David Prinçay (@davidprincay) October 18, 2023“We convey Stéphanie for her beardown publication to Binance France and privation her the champion for her adjacent challenge,” wrote Prinçay.
Cabossioras archetypal joined Binance successful April 2022, acting arsenic caput of ineligible astatine the French limb of the crypto exchange, earlier being promoted to enforcement manager successful November of the aforesaid year.
A spokesperson from Binance told Cointelegraph that its French-based operations proceed to turn and that Cabossioras’ departure had “no interaction connected its operations.”
Before joining the crypto exchange, Cabossioras was the wide counsel astatine Autorité des Marchés Financiers, the enactment liable for overmuch of the fiscal regularisation successful the Canadian state of Quebec.
Related: Middle East regulatory clarity drives crypto manufacture maturation — Binance FZE head
Binance’s France limb fell nether section probe successful June, with the Paris Prosecutor’s Office citing “acts of aggravated wealth laundering” among a litany of different charges arsenic the ground for the investigation.
With her departure, Cabossioras adds her sanction to a roster of astatine slightest 10 elder executives to permission Binance implicit the people of this twelvemonth alone.
On July 6, three executives announced their respective departures, including main strategy serviceman Patrick Hilman, wide counsel Han Ng and Binance’s planetary vice president of selling and communications, Steve Milton.
Binance CEO Changpeng “CZ” Zhao addressed these departures connected July 7, describing them arsenic mean parts of his company’s improvement portion dismissing reports connected them arsenic FUD, an acronym for “fear, uncertainty and doubt.”
4. More FUD astir immoderate departures. Yes, determination is turnover (at each company). But the reasons dreamed up by the “news” are wholly wrong.
As an enactment that has grown from 30 to 8000 radical successful 6 years, from 0 to the world’s largest crypto speech successful little than 5 months…
Binance’s ineligible woes person lone worsened pursuing a fig of high-profile lawsuits made against it by regulators successful the United States. In March, the Commodities Futures Trading Commission sued CZ, Binance and its affiliates for a bid of alleged trading violations.
In June, the U.S. Securities and Exchange Commission launched ineligible proceedings of their own, suing CZ, Binance and its affiliates for allegedly operating arsenic an unregistered securities broker, among different charges.
Collect this nonfiction arsenic an NFT to sphere this infinitesimal successful past and amusement your enactment for autarkic journalism successful the crypto space.
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