Binance intends to attract investment from sovereign wealth funds to "protect" from regulators

Index

    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.  

    See also  Currency.com Exchange Cancels Trading Commissions on Halving Day May 12, 2020

    Related News

    Leave a Reply

    Your email address will not be published.

    Go up

    We use cookies to understand how you use our website and to improve your experience. This includes personalizing content and advertising. By continuing to use our site, you accept our use of cookies.