Binance, the world's largest cryptocurrency exchange, is making a major investment in compliance by hiring 1,000 new employees in 2024. As regulatory pressures increase, Binance is prioritizing compliance by expanding its workforce from 500 to 700 in this department. This decision comes after a significant increase in law enforcement requests and reflects the company's dedication to meeting legal requirements. Despite facing ongoing regulatory challenges, Binance's CEO Richard Teng has highlighted the importance of compliance in the cryptocurrency industry. The significant increase in regulatory spending shows that the company is committed to staying ahead of legal challenges.