At the time, Binance support staff told Decrypt that Binance operations were running just fine in Malaysia. Five months after that, the Malaysia Securities Commission alleged that Binance was operating illegally in the country. In 2017, Binance left China, setting up shop in Japan and Taiwan, before heading to Malta-a jurisdiction well known for its lax crypto regulations.īut last year, Malta clarified that Binance is not licensed to operate in Malta. The crypto exchange has had a challenging relationship with regulators in its history. But today you can run organizations with probably none of those.”Ĭrypto and non-crypto folk alike have long been curious to know where Binance’s headquarters are, because it would provide a window into the crypto exchange’s regulatory status-a subject that, to date, remains murky. A company’s headquarters are its main business offices, typically legally registered as the address from which the business is run.ĬZ added that when people think about their traditional idea of a company, “They think about a headquarters, an office, a bank account, a registration, et cetera. Of course, there is no controversy about the definition of a company’s headquarters. So when people ask me, I don't want to give them a wrong answer just to satisfy their definition." Our leadership team are not sitting in one office, we don't have a clear place where we can go, by most people's normal definitions of a headquarters that we can call a headquarters. “When you ask how you define a headquarters-is that an office where people sit? I worked from home for the last three and a half years. “Everybody’s definition of a headquarters of a company is slightly different,” CZ said.
His explanation came during an interview with Decrypt editor in chief Daniel Roberts during this year’s Ethereal Virtual Summit. The crypto exchange has had a rocky relationship with regulators in the past.Ĭhangpeng "CZ" Zhao, CEO of gargantuan cryptocurrency exchange Binance, still insists that his company has no headquarters.Binance CEO Changpeng Zhao reiterated that Binance has no headquarters during this year's Ethereal Summit.
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