Binance Australia has announced the engagement of Leigh Travers, the erstwhile main executive of local blockchain technology and payments firm DigitalX, as the company's new CEO.

Travers has worked at DigitalX for 7 years, and previously served on the board of leading local blockchain manufacture body, Blockchain Australia. In June 2022, DigitalX became the world's start publicly-listed blockchain firm after completing a reverse takeover of the Australian Stock Substitution-listed company, Macro Energy Ltd.

In an Aug. 28 announcement from Binance, Travers emphasizes that he will prioritize building Binance Australia's relationships with regulators and growing the company's brand.

"We accept a responsibleness to be involved in helping to shape the growth of our industry and this means prioritising appointment and conversations with policy makers and regulators," said Travers, adding:

"From an industry perspective, I know it's imperative that nosotros continue to develop our relationships with regulatory bodies while reinforcing our company commitment to compliance and best exercise."

Binance Australia launched in July of 2022. Binance'southward Australian subsidiary is operated by InvestbyBit — a local digital asset substitution regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) that launched in September 2022.

According to the Australian Business concern Register, InvestbyBit rebranded to Binance Pay on Feb. 22 of 2022, before changing its name to Binance Lite 4 days later, and again rebranding to Binance Australia on Aug. 6, 2022.

Binance Australia'south previous CEO, Jeff Yew, left the company in April. The following month, Yew launched Monochrome, a unit trust targeting superannuation funds and loftier net worth individuals.

Speaking to Sydney Morning Herald in May, Yew stated that Australia's lawmakers accept failed to provide the digital asset sector ample regulatory clarity.