Cryptocurrency exchange Binance has appointed a pair of former government officials to take on new executive roles in its operations in Russia and Ukraine.
The company announced the appointments this week, saying it was designed to “further develop and strengthen” Binance’s position in the two countries.
“Globally and locally, we understand the importance of attracting outstanding specialists in the fields of genetic resources [government relations]“Our team is marketing and managing,” said Gleb Kostarev, Binance’s Director of Eastern Europe. “The new CEOs, with their track record, will certainly have a positive impact on Binance’s growing presence in Russia, Ukraine and Eastern Europe.”
Among the new appointees is Olga Goncharova, who became the director of GR in Russia and the CIS. Goncharova, a 20-year-old in finance, has spent the past seven years managing the report collection and processing department at the Bank of Russia.
“With a deep understanding of Russia’s regulatory characteristics, Olga has successfully implemented large-scale projects in this position,” Binance said. “At the Bank of Russia, Olga was responsible for several projects related to digital transformation and was at the forefront of the development of the fintech industry in 2014-2015.”
Read more: Russia puts Binance on blacklists over data distribution
In 2020, the Russian telecom regulator placed Binance on an apparently “dissemination of prohibited information” blacklist, for distributing data related to acquiring digital currencies such as Bitcoin. The blacklist has since been lifted.
Meanwhile in Ukraine, Kirill Komyakov will take over the post of Director General after three years serving as head of the Ukrainian State Agency for Infrastructure Projects. Khomyakov worked in business development for Fiserv, Inc. He will be responsible for promoting Binance’s position in the local market, interacting with government and public bodies, and launching a global market strategy.
Finally, Vladimir Smirkis has been appointed as the Director of Binance in Russia. In addition to his experience in the crypto industry, Smerkis is a well-known columnist, authority and host of several programs in the Russian media.
See more: Binance is under scrutiny of an alleged $100 million scam in Pakistan
This news came shortly after reports that Binance was in the middle of an investigation in Pakistan involving a scam that stole more than $100 million from investors.
The country’s FBI says it has asked the general manager of Binance Pakistan “to explain his position on linking fraudulent online investment mobile applications with Binance,” the unit’s head, Imran Riaz, tweeted last week.