• A former DigitalX executive has been appointed as the new CEO of Binance Australia

  • The former CEO of the first publicly traded blockchain is now the CEO of Binance Australia. Leigh Travers’ appointment was announced in the exchange. The new CEO was previously the CEO of DigitalX, a well-known blockchain technology and payment company in the region.

    Leigh Travers worked at DigitalX for seven years. He also served on the board of Blockchain Australia, the country’s leading blockchain sector organization. In June 2014, DigitalX made history by becoming the first publicly traded blockchain organization.

    This announcement was made following the completion of the firm’s reverse takeover of Macro Energy Ltd, an Australian Stock Exchange-listed company.

    Travers’ Attitude Towards the New Office

    Leigh Travers stated that his top priority for Binance Australia is to establish relationships with regulators. He also stated that he wishes to strengthen Australia’s brand.

    He stated that the company has a unique role to play in assisting in the structuring of the industry’s growth. That is why, according to Travers, they must prioritize conversations and engagements with regulators and policymakers.

    Travers added in his speech, “looking from the industry’s perspective, I’m aware that it is critical to continue developing the sector’s relationship with regulatory bodies.” Furthermore, we must strengthen Binance Australia’s commitment to compliance and best practices.

    Binance Australia has launched.

    The official launch of Australia’s crypto exchange occurred in July 2020. Meanwhile, the Australian Binance subsidiary is run by InvestbyBit.

    AUSTRAC (Australian Transaction Reports and Analysis Centre) regulates InvestbyBit, a locally operating digital asset platform. The platform went live in September of 2017.

    According to the Australian Business Register, InvestbyBit was rebranded to Binance Pay on February 22, 2019. It changed its name to Binance Lite four days later. The company then underwent another rebranding on August 6, 2020, to become Binance Australia.

    Jeff Yew, the former CEO of Binance Australia, resigned from the company in April. Jeff launched Monochrome in May after leaving Binance Australia in April. Monochrome is a unit trust that targets both funds and high-net-worth individuals.

    Leigh Yew stated in a speech to the Sydney Morning Herald last May that Australia’s policymakers failed to provide sufficient regulatory clarity to the digital asset zone.

    As a result, he advocates for tighter regulation of cryptocurrency trading exchanges. Particularly since many retail investors and institutions now value digital assets such as Ethereum and bitcoin.

    Yew acknowledged that Australia has more up-to-date regulations than other economies. However, there is a need to work harder on regulation to prevent unscrupulous operators from exploiting ordinary investors.

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