BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
FOLLOW
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result

Binance France Director Stephanie Cabossioras Departs Amid Senior Departures

BlockNews Team by BlockNews Team
October 18, 2023
in Business, Featured, Media
Stephanie Cabossioras
Share on TwitterShare on Reddit
  • Stephanie Cabossioras, the managing director of Binance France, has left her position amid ongoing senior departures at the cryptocurrency exchange.
  • Cabossioras’ departure comes as Binance faces regulatory investigations and legal challenges in France and other European countries.
  • France has become an attractive destination for cryptocurrency companies, with Binance actively expanding in the country before the recent departures and legal issues.

In the latest round of senior departures at Binance, Stephanie Cabossioras, the managing director of Binance France, has stepped down from her position. This news adds her name to the list of key leaders who have left the cryptocurrency exchange this year.

A Strong Contribution to Binance France

Having joined Binance in April last year as the head of legal for the region, Cabossioras subsequently took on the role of general manager for Binance in France. Her previous experience as the deputy general counsel at France’s markets regulator, Autorité des Marchés Financiers, made her a valuable asset for Binance when establishing its European hub in Paris.

🚨 NEWS: Director of Binance France @StepCabossioras has resigned.

Her exit follows a slew of other top-tier departures at Binance amid European regulatory challenges. pic.twitter.com/nFl61HdIXU

— BlockNews.com (@blocknewsdotcom) October 18, 2023
Via @blocknewsdotcom – X

Departure and Future Plans

David Prinçay, president of Binance France, confirmed Cabossioras’ departure and expressed gratitude for her significant contribution to the company. While neither Cabossioras nor Binance elaborated further on the decision, her exit comes amidst ongoing regulatory investigations faced by Binance in France. The exchange has also encountered challenges with watchdogs in several other European countries.

Senior Executives Departures and Ongoing Lawsuits

Cabossioras’ departure marks at least the fifth high-level executive to leave Binance since July. The exits came in the aftermath of multiple lawsuits filed against the company and its CEO, Changpeng Zhao. These legal actions include allegations of mishandling customer funds and misleading regulators in the United States.

France’s Growing Crypto Landscape

France has become a prominent destination for cryptocurrency companies establishing their European base, with international firms like Crypto.com and Circle choosing Paris as their hub. Binance had been actively expanding in France and, according to Prinçay, had added over 150 permanent positions in the country over the past year. The exchange had previously announced a €100 million investment into the French blockchain ecosystem.

A Shifting Landscape and Regulatory Challenges

The departure of Stephanie Cabossioras as the director of Binance France adds to the series of leadership changes within the company. As Binance continues to face scrutiny from regulatory bodies and ongoing legal battles, the cryptocurrency industry is witnessing a shifting landscape that demands adaptability and diligent compliance measures.

Tags: BinanceFranceStephanie Cabossioras
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Everything We Know About the Leaked GTA6 Trailer
Breaking News

Everything We Know About the Leaked GTA6 Trailer

December 5, 2023
Terraform Labs Fights Back: Cites SEC's DEBT Box Misconduct in Court
Breaking News

Terraform Labs Fights Back: Cites SEC’s DEBT Box Misconduct in Court

December 5, 2023
Bitcoin Transaction Fees Eclipse Ethereum Amid Ordinal Surge
Breaking News

Bitcoin Could Reach $700,000 Next Year and Here is Why

December 4, 2023
Crypto Market Rebounds After Binance Settles with DOJ
Breaking News

Bitcoin Pumped 67% Over the Last 3 Months and Here is Why

December 4, 2023
Riot Platforms Acquires Record 66,560 Bitcoin Miners for $290.5 Million
Breaking News

Riot Platforms Acquires Record 66,560 Bitcoin Miners for $290.5 Million

December 4, 2023
Franklin Templeton’s CEO Dives into Crypto, Awaits Bitcoin ETF Approval
Breaking News

Franklin Templeton’s CEO Dives into Crypto, Awaits Bitcoin ETF Approval

December 4, 2023
Load More
Next Post
Micheal-Saylor

MicroStrategy's Bitcoin Stash Back in Profit as BTC Price Rises Above $30K

BlackRock Logo

The Future Value of Bitcoin is Intrinsically Tied to Human Freedom, says BlackRock CEO Larry Fink

Cathie Wood

Cathie Wood's ARK Invest Sells GBTC Ahead of Possible Bitcoin ETF Approval

Related News

Cristiano Ronaldo Sued Over Binance Crypto Promotion, Alleged Unregistered Securities

Cristiano Ronaldo Sued Over Binance Crypto Promotion, Alleged Unregistered Securities

November 29, 2023
web3

Web3 and its Role in Network State Governance

December 19, 2022
Polygon-Logo

Polygon To Add 200 Jobs, Increase Workforce By 40%

September 15, 2022

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Featured
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
Discord Twitter
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Featured
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Everything We Know About the Leaked GTA6 Trailer December 5, 2023
  • Terraform Labs Fights Back: Cites SEC’s DEBT Box Misconduct in Court December 5, 2023
  • Envision Blockchain and Hedera Revolutionize Carbon Credit Management December 5, 2023

© 2022-2023 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022-2023 BlockNews.com - Crypto and NFT news website by JRNY Club.