Crypto Exchange reshapes its position towards the organization, as the scenario fluctuates the reputation of that precedent as pain in a batch of some kind to a role as a policy consultant from within to governments all over the world. The organization currently advises governments in many countries on the encryption policy, which are recent quotes by CEO Richard Ting report.
From boycotting the rules to the political advisor
Ting said in an interview with him recently with Financial times.
The CEO said that Binance now has a framework that “organizers are like more than before.”
This transformation represents a dramatic transformation of a former talented business company to evade the organization. Now, approximately 25 % of the 6000 Binance staff, which indicates the extent of the work of playing by the book.
Binance CEO Richard Teng. Photo: Voi/Doc. Investx
Trump administration creates new opportunities
This shift follows the development of the encryption policy during the era of US President Donald Trump. His last guidance to create a national reserve for Bitcoin has placed the world with attention to the cryptocurrency policy. Most countries are now turning into Binance for guidance.
“Compared to many other judicial states, [the US] “The way for that front,” Ting said.
Binance is now negotiating with the US Treasury to cancel tensions because it meditates to return to the American market. The US Securities and Stock Exchange Committee suspended its investigation in the company amid these negotiations.
Binance is the first official headquarters
After years of working without a home base, Binance is studying the opening of an international headquarters. This would end a period of nationality, which helped her avoid some regulations in the past.
“It requires a serious study,” Ting said. The Board of Directors and the higher leadership of the company is studying the options that they can open this rule.
Changpeng Zhao, co-founder and former CEO of Binance. Image: Eric Piermont/Getty Images
The company also increases its political arrival. The encryption project that supports Trump World Liberty Financial is scheduled to be issued technically on Binance’s Binance, which will lead to an increase in the exchange of political circles.
Legal challenges are still in many countries
Even with its new path, the encryption exchange did not leave its history completely. Spanish authorities presented Criminal charges Against exchange for embezzlement of investors. French officials continue to investigate violations of European money laundering rules.
At home in the United States, Binance is undergoing a five -year monitoring program by Final to ensure continued adherence to regulations.
Meanwhile, the founder of Binance and former CEO Changpeng Zhao (CZ) recently became Blockchain Policy Adviser In Pakistan, the company’s spread in emerging markets.
Distinctive image from Makeuseof, scheme from TradingView
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