- Binance`s CEO has said that the firm is not a Chinese company.
- The allegations state that Binance is owned by a close friend, Guangying Chen.
- Changpeng Zhao also states Binance has no ties with the Chinese government.
Changpeng “CZ” Zhao, CEO of Binance, claimed on BloombergTV that his company is mistakenly thought to be Chinese because he looks Chinese. The CEO says, “Binance is not a Chinese company; we are not related to China at all.”
According to the claims, Guangying Chen, a Chinese national and close friend of CZ, is allegedly the hidden owner of Binance as well as Bijie Tech, a tech company he founded in 2015.
CZ stated that Chen is a colleague who he hired to oversee the back office at Bijie Tech, and also hired her once more at Binance. Given that Chen was one of the few who initially stayed in China, the critics had asserted that she was the secretive owner of Bijie Tech and Binance.
He stated, “As a result, both she and her family have been targeted and harassed by the media and online trolls. Had I known how much of a negative impact this would have on her life, I never would have asked her to do what seemed like such an innocuous step at the time.”
Additionally, CZ refuted claims that Binance has strong ties to the Chinese government. He continued by detailing some of his horrific encounters with Chinese authorities. The CEO of Binance clarified;
The greatest challenge that Binance faces today is that we (and every other offshore exchange) have been designated a criminal entity in China. At the same time, our opposition in the West bends over backward to paint us as a Chinese company. The inference is that because we have ethnically Chinese employees, and perhaps because I am ethnically Chinese, we are secretly in the pocket of the Chinese government.
CZ also describes how Bijie Tech was shut down by Chinese authorities. He departed from Bijie Tech with a few of his staff members to launch Binance.
Recommended News :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.