Binance Aims to Be Regulated Everywhere, Says CZ

The cryptocurrency exchange, Binance, which has been under pressure from financial regulators across the world, has plans to get licensed everywhere.

Changpeng Zhao, CEO of Binance, recently revealed some major potential changes the exchange may be making to improve its relations with financial regulators.

Binance’s New Plans

Zhao stated that Binance intends to establish regional headquarters given the approval of regulators, marking a centralization of its operations.

Zhao says that he may also step down in place of a successor that can address these regulatory issues better than he can. He emphasizes that he is not being forced to do so but would do this for the sake of the business.

“I’m a technology entrepreneur. We are doing this pivot to be a regulated financial institution and I would be very open to look for a leader with a strong regulatory background.”

The CEO also stated that he plans to see Binance “licensed everywhere” and that from here on out, it will be a “financial institution.”

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