Binance.us has hired Manuel Alvarez, a former financial regulator from California, to work as its chief administrative officer. The San Francisco-based crypto exchange, which sources technology from Binance, is aiming to deal with “the big question” — compliance.
Binance.us Filling Roles in Compliance, Risk Management, and Legal
Binance.us, powered by matching engine and wallet technologies licensed from the world’s leading coin trading platform, announced the appointment of Alvarez in a statement released this week. The exchange’s new chief administrative officer has previously served as the commissioner of the California Department of Financial Protection and Innovation, Bloomberg reported.
Manuel Alvarez will join the company on July 22 and report to its CEO Brian Brooks, himself a former bank regulator. Brooks, who was acting head of the Office of the Comptroller of the Currency (OCC), took his post at Binance.us in May this year.
Since then, Brian Brooks has been building his team, almost doubling the staff. He plans to employ