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coinpedia 2024-08-22 12:50:28

Binance and Ripple: A Comparison of Their Spending on Regulatory Compliance

The post Binance and Ripple: A Comparison of Their Spending on Regulatory Compliance appeared first on Coinpedia Fintech News Binance, the world’s largest cryptocurrency exchange, is ramping up its compliance efforts, with plans to spend over $200 million on regulatory requirements. This expenditure is set to exceed the legal costs Ripple incurred during its high-profile lawsuit with the SEC, which reportedly cost Ripple $200 million. Taking lessons from the SEC’s regulatory crackdown, Binance is …

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