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Binance Australia onboards former DigitalX exec as new CEO

Binance Australia has introduced the appointment of Leigh Travers, the previous chief govt of native blockchain know-how and funds agency DigitalX, as the corporate’s new CEO.

Travers has labored at DigitalX for seven years, and beforehand served on the board of main native blockchain business physique, Blockchain Australia. In June 2014, DigitalX grew to become the world’s first publicly-listed blockchain agency after finishing a reverse takeover of the Australian Inventory Alternate-listed firm, Macro Vitality Ltd.

In an Aug. 28 announcement from Binance, Travers emphasizes that he’ll prioritize constructing Binance Australia’s relationships with regulators and rising the corporate’s model.

“We’ve got a accountability to be concerned in serving to to form the expansion of our business and this implies prioritising engagement and conversations with coverage makers and regulators,” stated Travers, including:

“From an business perspective, I do know it’s crucial that we proceed to develop {our relationships} with regulatory our bodies whereas reinforcing our firm dedication to compliance and greatest apply.”

Binance Australia launched in July of 2020. Binance’s Australian subsidiary is operated by InvestbyBit — an area digital asset change regulated by the Australian Transaction Stories and Evaluation Centre (AUSTRAC) that launched in September 2017.

In response to the Australian Enterprise Register, InvestbyBit rebranded to Binance Pay on Feb. 22 of 2019, earlier than altering its identify to Binance Lite 4 days later, and once more rebranding to Binance Australia on Aug. 6, 2020.

Binance Australia’s earlier CEO, Jeff Yew, left the corporate in April. The next month, Yew launched Monochrome, a unit belief concentrating on superannuation funds and excessive internet price people.

Chatting with Sydney Morning Herald in Could, Yew acknowledged that Australia’s lawmakers have failed to offer the digital asset sector ample regulatory readability.