Binance Tightens Its Grip over the Russian and Ukrainian Market by Hiring Two Former Government Officials

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The largest crypto platform in the world today, Binance, facilitates yet another strategic move aiming to expand its operations over one of the biggest crypto mining regions worldwide, specifically Russia and Ukraine. As per the reports, the exchange hired a duo of former government officials from the respective territories to boost local crypto compliance, adoption, and education.

While many believe that Binance’s move is merely putting more effort into elevating compliance within the CIS region, some argue that the exchange intends to tighten its grip over the Russian and Ukrainian market with these recent hires.

According to the announcement made by Binance this Tuesday, former Department of Collecting and Processing of Reports head at the Bank of Russia, Olga Goncharova, will now be the exchange’s first director of government relations within Russia. For this particular role, Goncharova is tasked to build relationships with Russia’s federal government bodies and the CIS on behalf of Binance. On top of that, she would also be responsible for supervising the exchange’s interactions with the region’s several trade associations.

The second hiring Binance made was for Kirill Khomyakov, the former Agency for Infrastructure Projects director for the Ukrainian government. As per Binance, Khomyakov would be tasked to act as the general manager of Binance Ukraine.

In addition to the two former government officials welcomed by Binance, it also announced the hiring of Tokenbox crypto platform co-founder Vladimir Smerkis as the new director for the exchange’s Russian subsidiary.

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