Mr. Perlman, speaking at a crypto industry conference on Tuesday, said it has been difficult to navigate the often opaque rules governing the crypto industry without being on the wrong side of the regulators.
One reason, said Mr. Perlman, who joined Binance in January after a monthslong search by the exchange, is the “regulation by enforcement” approach taken in the U.S. He contrasted the process in crypto with working at traditional financial institutions, where compliance is difficult but there are rulebooks and track records to guide a compliance officer’s work.
Source: Binance Compliance Chief Calls His Job One of the ‘Most Challenging’ – WSJ
