Binance Official: Cryptocurrencies Reduce Financial Crimes

Largest crypto trading platform by trading volume Binancehas launched a new series of videos to disprove beliefs that cryptocurrencies increase financial crime.

Tigran Gambaryan, head of Binance Financial Crimes Compliance, talked about how technology provides transparency, starting with how he met cryptocurrencies in his latest informative video.

Most of his career of more than 10 years has been in law enforcement; Gambaryan, who spent time in areas such as money laundering, drug and corruption, stated that he met cryptocurrencies in an IRS investigation job.

“I met cryptocurrencies while practicing my profession. The transparency of digital assets with blockchain technology impressed me a lot. Then I started working in the crypto industry.”

Stating that he has been working on crypto since 2012, Binance manager emphasized that financial crimes are revealed much more easily thanks to network transparency.

“I played an important role in the establishment of technology programs within the government and the Ministry of the Treasury. We hit money laundering, public corruption and drug trafficking hard thanks to the transparency of crypto.”

Tigran Gambaryan worked as an expert in the US Internal Revenue Service between 2011-2021. Gambaryan has been head of the Binance exchange’s Financial Crimes Compliance since December 2022.

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