CZ hits back at claims Binance is a Chinese company
The Binance founder has also detailed some personal and business-related challenges he had to overcome from the Chinese government, even before the launch of Binance in 2017. Binance CEO Changpeng Zhao (CZ) has hit back at critics and conspiracy theorists who claim Binance to be a Chinese-based “criminal entity” that “secretly [belongs] in the pocket of the Chinese government.”CZ's response to critics came from a Sept. 1 blog post via Binance, and stems from a Twitter spat with a former Washington Post journalist who asked him; “While I have you here, who's Guangying Chen?” He explained....
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Binance CEO Changpeng Zhao can only clap back at his accusers that his company is a Chinese “criminal entity.” With approximately 28.6 million members on its platform, the firm is one of the world’s largest crypto exchanges. Since its launch in 2017, it has been a key player in the cryptocurrency industry. In 2020, Binance […]
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Binance, the world’s largest cryptocurrency exchange, has received extensive media notice in recent months. Reuters stated that in response to the Ukrainian government’s call to freeze all Russian cryptocurrency accounts, Binance would block Russian customer accounts targeted by sanctions but not all of them. The crypto exchange was not alone in its stance on account […]
Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland. Binance crypto exchange officially announced on Oct. 13 that the company will delist the Chinese yuan (CNY) from its peer-to-peer trading platform on Dec. 31.Alongside terminating yuan trading pairs, Binance will continue further restricting access to its platform by users from mainland China, introducing new measures for accounts found to be linked to the region. Binance will specifically limit such accounts to “withdrawal only” mode, limiting transactions to withdrawals,....
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