Binance Defends Compliance Framework Amid Regulatory Scrutiny
In a recent statement, Binance, the foremost global cryptocurrency exchange, has defended its compliance framework in response to allegations regarding its regulatory oversight. Addressing claims made in various media outlets, the company provided an extensive overview of the advancements in its compliance strategies.
Significant Improvements in Compliance
The exchange asserted that it has made significant improvements over the last two years, particularly in the realms of monitoring, governance, and screening processes. This update follows a period of intense scrutiny from regulatory authorities. From January 2024 to July 2025, Binance reported a drastic 96.8% drop in its exposure to sanctions, reducing its related volume from 0.284% to merely 0.009%. In addition, the exchange noted a more than 97% decrease in its direct involvement with markets under sanctions during this same timeframe.
Ongoing Efforts and Structural Reforms
Highlighting ongoing efforts, the exchange attributed these results to a series of structural reforms, including:
- Enhanced surveillance of transactions
- Investments in cutting-edge compliance technologies
- A significant increase in personnel dedicated to compliance
Approximately 1,500 individuals, representing around a quarter of Binance’s total workforce, are now engaged in functions related to compliance, such as monitoring for sanctioned activities, counter-terrorism financing, and criminal investigations.
Collaboration with Law Enforcement
Furthermore, Binance revealed its collaboration with law enforcement agencies, noting that its teams provided support for over 71,000 requests from authorities globally in 2025, which resulted in the confiscation of more than $131 million linked to illegal activities. The company assured clients and regulators that it has established stringent internal protocols to assess risks associated with credible threats.
Response to Media Coverage
In addressing the media, Binance criticized some of the coverage that it deemed misleading, asserting that many reports misunderstand the evolution and complexities of compliance within the cryptocurrency sector. The exchange reiterated that it adheres to stringent procedures and actively engages with regulatory bodies and law enforcement.
Regulatory Landscape
Binance’s efforts come at a time when the regulatory landscape for cryptocurrency exchanges is intensifying, particularly in regions such as Australia and India, where compliance measures are under close examination.
