Is Binance playing for real? Making big moves by inviting international dark web experts, declaring compliance, and embracing regulation.

The world's largest cryptocurrency exchange, Binance, is making moves! Binance announced on its official website on Thursday that it has hired Nils Andersen-Röed, a investigator from the European Cybercrime Centre, to join its audit and investigation team.

Binance has announced that Nils Andersen-Röed, a dark web expert who previously led the dark web department of the Dutch National Police before joining Europol, has joined their team. He specializes in monitoring illegal activities and has played a significant role in numerous global operations, collecting a large amount of information on illegal transactions and sharing it with other law enforcement agencies, making substantial contributions to cleaning up the cryptocurrency industry.

This move by Binance to invite Nils Andersen-Röed to join their audit and investigation team signifies a shift towards facing regulation and compliance without evasion. Binance will leverage Nils Andersen-Röed's expertise to lead internal and external investigations, aiming to identify bad actors attempting criminal activities on the Binance platform, protect users' funds, and actively support law enforcement investigations to ensure that Binance remains the safest cryptocurrency ecosystem.

Nils Andersen-Röed expressed his excitement to take on new challenges by joining Binance's audit and investigation team after years of working in law enforcement. He emphasized that merely arresting criminals is not enough to combat crime and that it is essential to examine the operational patterns of the entire ecosystem. Criminals and other bad actors may attempt to use cryptocurrencies for illegal purposes, potentially affecting innocent participants in the industry.

"At Binance, I have the ability to protect the platform and users from these bad actors, as well as assist law enforcement agencies worldwide in investigations and prosecutions."

My goal is to make the cryptocurrency industry (especially Binance) a safer place. International cooperation between the cryptocurrency industry and law enforcement is crucial as criminals operate across borders. Strengthening cooperation between the public and private sectors is beneficial to combatting crime and making this industry safer," Nils Andersen-Röed said.

This significant move by Binance to bring in an expert to streamline their internal operations demonstrates a genuine determination to no longer evade scrutiny from various countries and serves as a model for global cryptocurrency exchanges.

This article is authorized and reproduced from Horizon News Network.