Binance intends to attract investment from sovereign wealth funds to "protect" from regulators
In an interview with the Financial Times, the head of Binance, Changpeng Zhao, said that the crypto exchange intends to attract investment from some sovereign wealth funds, which will better "fight" regulators. However, he warned that this could tie the company to some countries.
Zhao did not name which funds the exchange was negotiating with, but added that the investments would be "rather big."
Earlier it was reported that some countries, including Poland, Japan, Thailand, Hong Kong, Singapore, South Africa and others, warned Binance investors that the site is operating without a license.