Binance Seeks European Policy Officer

Crypto behemoth Binance is reportedly seeking a new policy officer for its European operations, following a number of major setbacks on the continent.

The new hire would “develop and write new policies, standards, guidelines, and procedures for the firm,” a recent job advertisement notes.

It has been a challenging few weeks for the regional exchange, as reports from French media suggest that the company is currently being investigated by authorities in the country.

Binance has acknowledged that officials visited its offices in June. Meanwhile, the UK’s financial watchdog stated in June that the local division of the company is not authorized to provide services in the country.

Additionally, the company recently departed from the Netherlands due to its inability to obtain a license from the country’s central bank.

The upcoming employment opportunity requires the ability to express complicated concepts in a clear and convincing manner.

The worldwide marketplace has a range of job listings available, such as a position for a government affairs associate director in Spain and a compliance director in Thailand.

In other news, the world’s biggest crypto exchange, Binance, has announced the suspension of deposits and withdrawals for eight altcoins linked to the bridging platform Multichain.

Binance has halted its support for Alchemy Pay (ACH) via the BNB Smart Chain, Spell Token (SPELL) via the Avalanche C-Chain, and six other lower market cap altcoin projects via Ethereum, Fantom, as per their latest statement.

In May, the tokens were previously suspended due to a “force majeure” event, which caused certain routes on the bridge to be unavailable.

Binance has not provided a clear explanation for discontinuing support for the projects, but did allude to the incident in their statement.

Multichain said at the time of the incident the following:

“While most of the cross-chain routes of Multichain protocol are functioning well, some of the cross-chain routes are unavailable due to force majeure, and the time for service to resume is unknown. After service is restored, pending transactions will be credited automatically. Multichain will compensate users who are affected during this process, and the compensation plan will be announced later.”