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Crypto exchange Binance plans to hire 1,000 employees this year, focusing on compliance and customer service roles as its annual spending to meet regulatory requirements exceeds $200 million. CEO Richard Teng shared the hiring plans in an Aug. 21 interview with Bloomberg News during a visit to the US, where he met with regulatory officials as part of a $4.3 billion plea agreement with the US Justice Department and other agencies. Binance To Grow Its Compliance Team As Global Regulatory Requests Skyrocket Binance plans to grow its compliance workforce to 700 employees by the end of the year, up from 500 now, Teng said.  He said the exchange fields an increasing number of requests from law enforcement agencies across the globe. This year alone, Binance has received around 63,000 requests so far, which is more than the 58,000 requests it received in all of 2023. Binance’s annual compliance costs have also risen from $158 million two years ago and are expected to rise furt...

We speak with Kay, CEO of HSK Eco Labs. Kay shares her journey from traditional finance to the crypto industry and provides an in-depth look at how HashKey Group, a leading end-to-end digital asset financial services group in Asia , integrates various businesses like exchanges, public chains, and asset management through the HSK token to create synergy. She discusses the economic model of HSK and the anti-sybil attack mechanisms designed to ensure fair distribution and high-quality user participation. Additionally, she shares HashKey's strategic plans for the Asia-Pacific market and their upcoming public chain project. Finally, Kay emphasizes the multifunctionality of HSK, supporting trading and on-chain staking while also attracting and incentivizing users through innovative reward mechanisms. This article is sponsored by HSK. Kay's Self-Introduction Colin: Today, we are doing a podcast with Kay, who is in charge of the HSK token at HashKey. First, let's have Kay introduc...