Breakthrough: Binance plans to set up several regional centres

Binance, the world’s leading crypto exchange, plans to set up several regional centers around the world, Exchange CEO Changpeng Zhao said. The comments come in light of a growing global overhaul of regulations on cryptobirzhi. It is currently held in about a dozen countries, including Hong Kong, Thailand and Italy.

BINANCE CEO SAYS HE IS CONSIDERING SETTING UP SEVERAL REGIONAL CENTRES AROUND THE WORLD

BINANCE CEO SAYS HE WANTS TO ISSUE LICENSES EVERYWHERE, WILL WORK WITH REGULATORY AGENCIES EVERYWHERE

– *Walter Bloomberg (@DeItaone), July 27, 2021

Last month regulators highlighted the lack of Binance head office as a major problem. CZ said they were working to obtain licenses anywhere and would cooperate with regulators to resolve existing issues. Crypto exchange has also been warned by regulators to offer services without registration or without the necessary permission.

At a time when rival crypto exchanges such as Coinbase and FTX have made significant advances in terms of expanding its user base and regulatory compliance, Binance has faced individual regulatory strikes.

Breakthrough message: Binance’s plans to set up several regional centres first appeared in Coingape.

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