SINGAPORE (Reuters) – Cryptocurrency exchange Binance plans on doubling its compliance team by year’s and said it will “humbly welcome more capable talents” as it faces a blizzard of global regulatory probes.

FILE PHOTO: The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta’s official Blockchain and Digital Innovation event promoting cryptocurrency, in Ta’ Qali, Malta October 3, 2019. REUTERS/Darrin Zammit Lupi

Authorities in Britain, Japan, Germany and Thailand have raised concerns about the exchange, one of the largest, amid a worldwide crackdown on cryptocurrencies this year.

Binance offers spot crypto trading, derivatives, trade in tokenised versions of stocks and its own cryptocurrency, Binance Coin. It also has an opaque structure and has rapidly grown into a giant as the popularity of cryptocurrency trading has exploded.

“Binance has grown very quickly and we haven’t always got everything exactly right,”…

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