Binance Founder Changpeng Zhao Claims His US Encryption Exchange Arm Targets IPO Within 3 Years: Report

Changpeng Zhao, founder and CEO of Binance, the global cryptocurrency exchange, said his US arm could have an initial public offering within the next three years, The Information reported on Wednesday. “Binance.US will just do what Coinbase did,” Zhao said, according to the report. Binance.US is also expected to end a large round of private … Read more

Binance CEO Changpeng Zhao says the top priority is to hire more regulatory staff

Binance is on a hiring spree to add compliance teams as the company faces US regulatory scrutiny on money laundering and tax evasion. Changpeng “CZ” Zhao, CEO of the world’s largest cryptocurrency exchange, said his #1 priority is to hire people with regulatory and compliance experience. The company also seeks regular meetings with US authorities. … Read more

Binance: Why is the cryptocurrency giant facing pressure from regulators?

Financial regulators around the world are targeting the leading cryptocurrency exchange Binance. Some banned the platform from certain activities, while others warned consumers that it was not licensed to operate. Here are answers to some key questions about Binance, the world’s largest exchange by trading volume, as regulatory pressure builds. How big is Binance? By … Read more

Binance Restricts Money Laundering Checks After Regulatory Pressure

The leading cryptocurrency exchange, Binance, said on Friday that it will require more stringent background checks on clients to bolster anti-money laundering efforts, with immediate effect. Binance, the world’s largest platform, has come under pressure in recent months from regulators around the world who are concerned about the potential for money laundering encryption and the … Read more