Yesterday, Binance released a Binance compliance report, demonstrating a high level of compliance that far exceeds the traditional financial industry. Specifically, it includes an annual investment of $300 million in security and compliance, which is 57% higher than the average level in the traditional financial industry A compliance team of 1500 people, accounting for 25% of all employees, while the proportion of bank compliance personnel is only 1% to 3%, and Binance's proportion is 8.6 times that of them. The reward for these efforts is the successful interception of $10.53 billion in potential fraud and abnormal transactions, as well as helping 1.28 million users recover $8.2 billion in assets (on average, helping each user recover $6400). And, I think the most likely number to be overlooked and break everyone's preconceived notion is that the proportion of Binance's total trading volume involving illegal or sanctioned addresses is only about 0.02%. In international organizations, it is recognized that money laundering accounts for between 2% and 5% of the traditional financial industry, which is 100 times higher than Binance .. Cryptocurrency platforms have always been stereotyped as non compliant and evading regulation. But this Binance compliance report proves that exchanges can do what they want to do more safely and compliantly than traditional financial institutions @heyibinance @cz_binance @binance