Binance CEO: In 2023, Binance handled over 53,000 law enforcement requests and invested $213 million in compliance programs

ChainCatcher news, Binance CEO Richard Teng released the 2023 annual summary stating that in 2023, Binance registered users increased by 30%, reaching a total of 170 million.

The Binance investigation team handled over 53,000 law enforcement requests in 2023 (an increase of 3,000 compared to the previous year), invested $213 million in compliance programs, a 35% increase from last year ($158 million), and Binance continued to invest in leading KYC providers and product solutions.