St\u00e9phanie Cabossioras is one of the latest in Binance leaders to <\/span>step down<\/span><\/a> from her position as director in the leading cryptocurrency exchange.\u00a0<\/span><\/p>\n Recently, a lot has been happening within the leadership of a top digital asset service provider. Many of its key executives have been exiting the exchange and this exodus has cut across several regions where the exchange is located. Before the news of her resignation, Cabossioras was a managing director at Binance France after rising to that level in the space of about a year.<\/span><\/p>\n <\/p>\n The former Binance France managing director joined the exchange in April 2022 as the head of legal in the region, just right when the company announced its intention to establish its European hub in Paris. Prior to working at Binance, she was the deputy General Counsel at France\u2019s markets regulator Autorit\u00e9 des March\u00e9s Financiers.\u00a0<\/span><\/p>\n David Prin\u00e7ay, the president of Binance France noted that Cabossioras has contributed immensely to the growth of the company. Sadly, her exit comes right in the <\/span>midst<\/span><\/a> of Binance\u2019s unsettled banking in France. The exchange\u2019s partnership with Paysafe which facilitated euro deposits and withdrawals, officially <\/span>ended<\/span><\/a> on September 25th, creating the need for Binance to find a new partner.<\/span><\/p>\n <\/p>\n In addition, the exchange was also under <\/span>investigation<\/span><\/a> in France for illegal provision of digital asset services and money laundering. It was mentioned that the exchange failed to comply with Know Your Customer (KYC) procedures and\u00a0Anti-Money Laundering\u00a0laws (AML).\u00a0<\/span><\/p>\n <\/p>\n Markedly, Cabossioras is about the fifth executive that has left the popular exchange in the space of four months. In September, Binance global head of product, Mayur Kamat <\/span>departed<\/span><\/a> the company following the <\/span>exodus<\/span><\/a> of other top executives including Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng.\u00a0<\/span><\/p>\n The multiple exit from Binance seems to be an aftermath of the charge levied against it by the United States Securities and Exchange Commission (SEC).<\/span><\/p>\n Apart from the exit of its executives, there has also been a growing trend of the exit of Binance from different countries including <\/span>Russia<\/span><\/a>, <\/span>UK<\/span><\/a>, <\/span>Netherlands<\/span><\/a> and Cyprus.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n –><\/p>\n –><\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n <!– <\/p>\nBinance Executives Exodus Continues<\/strong><\/h2>\n
Total Departure Growing<\/strong><\/h2>\n
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