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Binance appoints Indian-origin Juvvadi as head of legal team

Binance US, one of the major crypto exchanges, has in recent months acquired licenses to start business in several countries, including Dubai and France. Binance plans to strengthen its legal team as well. Binance has appointed Indian-origin Krishna Juvvadi as Vice President and Head of the Legal Team. Juvvadi has previously served as the trial attorney for the US Department of Justice (DoJ) and compliance head at Uber, which offers cab services through the app.

Recently Binance Global, which runs Binance, took out vacancies for its legal team in many countries. Binance One blog post Informed about the appointment of Juvvadi. “Juvvadi will lead the day-to-day operations of Binance’s Legal Department. He will report to Binance’s General Counsel Norman Reed,” it added. The exchange has applied for licenses in several countries in recent months. Binance The chief executive officer of Chengpeng Zhao wants to make it the most licensed crypto exchange.

To achieve this goal, Binance plans to strengthen its legal team in multiple countries to ensure that the exchange is compliant with the laws of the country in which it does business. Binance US was started by Chengpeng about three years ago. In America, the government is preparing to make laws regarding crypto. Binance is starting its business in different states of America.

Last month Binance received its first external funding. After raising around $200 million from various investors like Circle Ventures, the valuation of Binance has reached around $4.5 billion. Earlier this month, the exchange received approval to serve as a money transmitter in Puerto Rico. In the US, Binance’s subsidiary holds similar licenses in states such as Wyoming, Connecticut and West Virginia. Binance last month limited services to Russian citizens due to sanctions imposed by the European Union and the United States on Russia following the attack on Ukraine.

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