Binance.US appoints Manuel Alvarez as Chief Administrative Officer

Karthik Subramanian

Binance.US, a leading digital assets marketplace, has announced the appointment of Manuel Alvarez as the Chief Administrative Officer effective from July 22, 2021.

He will be overseeing some of the major control functions like compliance, risk, and legal. Till recently, he was the Commissioner of the California Department of Financial Protection and Innovation. He was appointed to this position in 2019.

“We are thrilled to welcome Manny to Binance.US as we continue to bolster our organization with accomplished senior professionals,” said Brooks, CEO of Binance.US. “Manny is a highly respected senior government official and business executive with deep expertise in financial services regulation and technology. Compliance is the key to creating trust with both our customers and our regulators, which is why we are hiring recognized leaders in the field such as Manny. He is that rare brilliant regulatory mind with a strong sense of law and compliance who also brings a strong technology and Silicon Valley perspective. He was General Counsel and Chief Compliance Officer of the point-of-sale lending platform Affirm, where he helped build the company in the years leading up to its successful IPO earlier this year. Manny left Affirm to answer the call to public service leading one of the most important financial regulatory agencies in the country. Manny’s leadership will be instrumental as Binance.US seeks to fulfill our vision of serving as the most beloved and dependable destination for cryptocurrency in America. It is a huge honor that Manny is joining us.”

Before his job as the Commissioner, Manuel served as the General Counsel, Chief Compliance Officer, and Corporate Secretary at Affirm Inc. He has wide experience working with the government in the legal and compliance fields and this would come in very handy for Binance.US when dealing with the regulatory and legal authorities in the US. We had recently reported that FCA had stopped Binance from doing business in the UK as it did not have a license while the company continues to face issues with legal authorities over allegations of tax evasion.

It will also help the company to streamline its legal and compliance processes as the crypto industry continues to mature and the exchanges and other financial firms continue to learn on dealing with an evolving ecosystem and how best they can cooperate with the authorities as well as its users to bring in trust and reliability.

 

Read this next

Digital Assets

Binance executives sue Nigerian authorities over rights violation

Two senior executives from Binance have filed a lawsuit against against Nigeria’s national security adviser’s office and its anti-corruption agency, alleging violations of their fundamental rights.

Retail FX

Banxso announces 8.7% interest rate on deposits in South Africa

“With Banxso, they can enjoy the benefits of both worlds – earning competitive interest and having the freedom to trade, all within the same platform.”

Industry News

FINRA to publish transaction details in U.S. Treasury securities

“Consistent with our longstanding practice, FINRA is introducing greater transparency in a calibrated and careful manner, benefiting liquidity and resilience in this critical market while also mitigating potential information leakage concerns.”

Institutional FX

OpenYield launches “cheap and easy” fixed income trading for brokers

“We’re on a mission to make bonds cheap and easy to trade, and are excited about the opportunity to build generational capital markets infrastructure.”

Digital Assets

Sumsub and Mercuryo publish a guide for VASPs: “Mastering Travel Rule Compliance”

“At Sumsub, we’ve concentrated our efforts on filling the gap in understanding the complexity of Travel Rule regulation and helping organizations find the best solution to stay safe and compliant while minimizing costs and avoiding potential risks of non-compliance. This guide we created with Mercuryo, our trusted partner, is the ultimate navigation tool all VASPs can consult.”

Digital Assets

Bitget Wallet Leads with Record Swap Volume & New Crypto Innovations

This week, Bitget Wallet achieved a milestone by surpassing Metamask with a record 388,757 Swap order transactions, securing the global lead. The significant 7-day trading volume, almost 68,000 more than its rival, underscores its liquidity and user trust. This robust activity signals Bitget Wallet’s prominent role and reliability in the dynamic crypto market.

Digital Assets

Embarking on a Digital Currency Journey

Imagine you’ve stumbled upon a treasure map, leading you to untold riches hidden in the vastness of the internet. Instead of gold coins and jewel-encrusted goblets, this treasure comes in the form of digital currencies, the modern-day loot coveted by many.

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

<