HomeLifestyle'Binance is not a Chinese company': Why did CEO Changpeng Zhao have...

‘Binance is not a Chinese company’: Why did CEO Changpeng Zhao have to say this?

New Delhi. Changpeng Zhao, CEO of the world’s largest cryptocurrency-exchange Binance, said on Thursday that the company is not related to China. He further said that people often mistake Binance as a Chinese company because they look like Chinese.

Zhao was talking to Bloomberg TV about bidding for bankrupt crypto firm Voyager. He said that Binance is mistakenly said to be linked to China.

Binance has bought many US companies
US national security concerns were rumors spread by FTX to exclude us from the bid. There was never any concern about our participation in the bid. Binance US participated in the Voyager bid and there were no issues. Changpeng Zhao said, Binance also bought many companies in the US and there was no problem.

Read also – Big decline in crypto exchanges shouldn’t come as a surprise: John Hawkings

Zhao was referring to the news of Binance’s bid being put on hold. It was said in the news that Binance could be a threat to national security for America. There is a perception that Binance is a Chinese company because Zhao was born in China and grew up in Canada.

Tags: crypto, Cryptocurrency

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