Binance and Coinbase say they don't have a head office – that's right and wrong

Binance is the world's largest cryptocurrency exchange. But where in the world is he? This question got stronger after Cryptomedia reported that Binance's Shanghai offices were printed by the authorities in November 2019; Binance denied the existence of the Shanghai office and denied the raid. Almost two years later, Binance CEO Changpeng "CZ" Zhao still does not answer the question clearly; He says that Binance doesn't have a seat. So where is Binance located? Here's what we think we know: Binance started in China and moved to Japan in 2017 when Chinese regulators appeared hostile. In 2018, it moved its base to Malta with loose financial regulations – until in 2019 the Maltese authorities announced that Binance was not allowed to do business there. The company has been registered in the Cayman Islands and Seychelles since 2017 and uses the Cayman Islands address to register names and logos, so you might think one of them is their head office. But CZ won't say that. I pushed him to this topic on Friday at the Ethereal Virtual Summit sponsored by Decrypt on Friday and here is his answer. It is worth considering point by point. "Everyone's definition of head office is a little different." Is it? I would say that the definition is out of the question: the residence of a business, the address where it is legally registered. “These are all matters of defining terminology. When most people think of a business, they think of a head office, office, bank account, ledger, etc. Income. But today you can manage organizations. probably without any of these elements. "Yes, he's wrong about this in the crypto world. Look no further than DAOs (Decentralized Autonomous Organizations), these are groups of people who come together online and combine their money to invest in projects like crypto collections to share their revenues. No office, commercial bank account. No, no registration. "I worked for T. At home

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