Joshua Eaton Becomes New Binance Deputy General Counsel

Binance, a major cryptocurrency exchange, appointed Joshua Eaton as its first Deputy General Counsel on Wednesday. Throughout his tenure at Binance, Eaton will support global compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term, investigations and law enforcement coordination.

Over the course of his career, Eaton has represented the United States at the Department of Justice (DOJ) and in the US Army. Additionally, Eaton provided guidance to presidentially-appointed US Attorneys across the country as well as US Army commanders while serving abroad. During his career as a line prosecutor and senior staff advisor in the US Army and as an attorney with the DOJ, Eaton provided advice on operations, investigations, litigation, policies and programs spanning a wide spectrum of US federal and international law enforcement and operational issues.

“The legal team at Binance is further strengthened by the dynamism and experience that Josh brings to our continuous efforts to protect users and manage risks. Josh was instrumental in his leadership role while in Government, developing its standard-bearing ethics and compliance practices, guiding it through some of the most sensitive and complex issues facing any government organization, and supporting its growth into one of the preeminent federal prosecutor's offices in the United States,” Hon Ng, the General Counsel, commented.

Eaton pointed out the following about his appointment: “During my time at the US Attorney’s Office, I became interested in blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology and crypto and discovered how important it is to prevent bad actors from abusing this important, legitimate emerging technology for corrupt personal gain. I decided to join Binance because of its commitment to this mission as well as its track record in collaboration with law enforcement driven by transparency, integrity and protecting users. I am excited to be a member of this brilliant, passionate and mission-driven team.”

New Head of Market Surveillance

Recently, Binance appointed Seth Levy as the Head of Market Surveillance. Levy will oversee Binance’s efforts to build and implement a surveillance infrastructure and system to safeguard users against fraud and manipulation.