Binance will 'work with regulators' as it expands, says CEO
“We want to be licensed everywhere,” said Changpeng Zhao. Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters.According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to finance and coordinate with regulators as the company expands. “We want to be licensed everywhere,” said CZ.Zhao also reiterated that he would be willing to step down as CEO should someone “with a strong regulatory background” be....
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Binance, the leading cryptocurrency exchange, has announced it is preparing changes to be able to work with regulators more closely. Its CEO, Changpeng Zhao, stated the company is ready to apply the needed revisions to transform the exchange into a regulated financial institution in the future. This is Binance’s answer to a series of regulatory issues it has been facing with regulators from all over the world.
Binance Readies Regulator-Friendly Changes
Binance, the world’s biggest cryptocurrency exchange by trade volume, has announced it is preparing changes to....
Binance’s CEO and founder, Changpeng Zhao, has stated that the major cryptocurrency exchange will collaborate with local regulators as it establishes Binance regional headquarters. Changpeng “CZ” Zhao Wants To Work With Regulators The CEO of cryptocurrency exchange Binance has stated that he is willing to step down as the company seeks to become a regulated […]
After a few scares, Binance ’s offensive moves start. Regulators around the world surrounded the biggest cryptocurrency exchange by market capitalization. Their lawyers were working overtime. There were pitfalls all around. A few months later, Binance is the one setting the rules. They’re the ones inviting the regulators to the castle. They’re trying to set the tone and define what a fully compliant cryptocurrency exchange is. Related Reading | Breaking Down The Bitcoin Binance Flash Crash By The Second The campaign started with Binance’s first traditional media ad in the company’s....
Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law. Japanese Regulator’s Warning Japan’s top financial regulator, the Financial Services Agency (FSA), issued a warning notice to Binance Holdings Ltd. and CEO Changpeng Zhao on Friday. The notice states that Binance has been providing crypto exchange services to Japanese customers without registration. Under Japanese cryptocurrency regulation, companies....
Binance CEO Changpeng Zhao shed new light on the exchange’s compliance roadmap and its users’ take on KYC so far. Major crypto exchange Binance took a compliance-friendly approach to its business after years of a cat-and-mouse game with regulators around the world, and it worked surprisingly well in terms of user retention, according to a new interview with Binance CEO Changpeng Zhao.Speaking to Bloomberg News, Zhao noted that Binance made Know Your Customer (KYC) processes mandatory “for global users, for every feature” in a bid to attract new users as a regulatory-compliant business. He....