Crypto giant Binance recently appointed SB Seker to lead its Asia-Pacific operations. The exchange said Seker will focus on strengthening relations with regulators and steering strategic initiatives in a region it sees as critical to future growth.
Worth noting that the news comes as pressure mounts in Australia, with AUSTRAC having identified “serious concerns” with Binance Australia’s anti-money laundering and counter-terrorism financing controls, ordering the firm to appoint an external auditor.
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Richard Teng, Binance’s CEO, called Asia-Pacific “a priority market” and noted that several jurisdictions there are advancing crypto regulation more quickly than the United States.
Seker has over 20 years of experience in law, finance, and knowledge in the blockchain industry, having started his career as a litigator in Australia before working as a central banking lawyer at the Monetary Authority of Singapore.
He later held senior legal roles at Ant Group and Amicorp Group, and most recently managed product, legal, and regulatory affairs across APAC at Crypto.com. At Binance, he will be tasked with navigating regulatory expectations while maintaining operational growth.
I’m truly excited to join Binance to help shape a sustainable, innovative, and compliant future for the digital- asset ecosystem across the region alongside the talented team. By working closely with regulators, partners, and our broad community, I look forward to driving strategic initiatives and delivering robust operations throughout the region.
SB Seker, new Head of APAC at Binance. The Asia-Pacific region accounts for about 60% of global crypto users and provides the deepest liquidity pools, according to research by Foresight Ventures and Primitive Ventures.
Binance remains the world’s largest exchange by trading volume. Its spot market activity reached US$724.6B (AU$1.1T) in August, up from US$706.1 billion (AU$1.07 trillion) in July, according to The Block Data.
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The post Binance Taps Compliance Veteran SB Seker as New APAC Chief Amid Regulatory Scrutiny in Australia appeared first on Crypto News Australia.
