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Binance CEO CZ Reaffirms Binance Is Not Leaving Singapore
December 14, 2021
MINS
BSC News
The exchange is resolute in its attitude to continue growing in pro-crypto countries.
Binance Retains Singapore Presence
Initial fears about Binance’s attitude toward Singapore appear to have been allayed by Changpeng Zhau who explained the exchange has no plans to leave Singapore.
Binance’s CEO who appeared on Bloomberg on December 13th, explained that they had invested in local exchange XG and was clear about his attitude on the country.
“Singapore is a very advanced market and is very pro-crypto,” he said. “We’re not leaving Singapore, we're still very much invested in Singapore. Singapore is one of the leading countries in the world for crypto and blockchain.” The news will be welcomed by crypto users from Singapore who were beginning to wonder what, if any, presence the exchange would retain in the country after unsettling reports.
The news will be welcomed by crypto users from Singapore who were beginning to wonder what, if any, presence the exchange would retain in the country after unsettling reports.
UK Users Still Using Binance Login
The Bloomberg segment also saw the Binance Chief quizzed on developments in the United Kingdom.
CZ alluded to the developments in the UK as he explained Binance is in the process of completing relevant applications that correspond with the country’s financial regulators and he reiterated that ‘everything is on track.’
“We’re proceeding full steam ahead,” CZ stated regarding the United Kingdom.
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