Binance poaches French financial regulator's deputy general counsel

Binance has hired Stéphanie Cabossioras from France's Autorité des Marchés Financiers (AMF), marking the latest instance of a cryptocurrency exchange which also includes coinbase and Tycoon stealing workers from a financial regulator.

According to her LinkedIn profile, Cabossioras was the AMF's deputy general counsel until March. On Wednesday, she is scheduled to speak for Binance at the Paris Blockchain Week Summit on the topic of "leveraging blockchain to combat crime." Cabossioras is now a Binance employee, according to a Binance staffer at the exchange's conference stand.

Binance was contacted for comment by The Block, but no response was received by press time.

As the industry strives to connect with financial authorities, the appointment is the latest example of a crypto exchange snatching expertise from a regulator. Binance just appointed Steven McWhirter, a UK Financial Conduct Authority officer, as its global director of regulatory policy.

Binance CEO Changpeng Zhao announced a 100 million euro ($108 million) investment in France earlier in the day, stating the country is "uniquely positioned to be the leader of this industry in Europe."