Documents obtained by the Financial Times suggest that the world’s largest cryptocurrency exchange, Binance, maintained connections with China, contradicting the company’s previous claims.
suggest that the world’s largest cryptocurrency exchange, Binance, maintained connections with China, contradicting the company’s previous claims., the CEO of Binance, Changpeng “CZ” Zhao, and other senior executives may have covered up the cryptocurrency exchanges’ ties to China for years. These revelations coincide with a legal action brought by the Commodity Futures Trading Commission of the United States against Binance, the biggest cryptocurrency exchange on the planet.
“We no longer publish our office addresses … people in China can directly say that our office is not in China,” Zhao reportedly said in a company message group in November 2017. The report also reveals that in 2018, workers were informed that their salaries would be paid by a bank with headquarters in Shanghai. In addition, in 2019 employees employed in China were obligated to go to tax training in a facility located there.
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