Binance CEO announces new progress: headquarters location is about to be revealed, global cooperation is closer
Binance CEO Richard Teng recently said that they are discussing with governments in multiple places to determine where the headquarters of the world's largest cryptocurrency exchange should be located. This decision has been uncertain before, and former CEO Zhao Changpeng has not said much about this topic. Now Teng said that they will make a decision soon to make everyone clearer about the situation of Binance headquarters.
At the Paris Blockchain Week, Teng explained that choosing a headquarters is actually very complicated and many things need to be considered. For example, whether the laws of that place are suitable for Binance's business and what the tax agreement is like. Teng also said that the place they choose must be in line with Binance's philosophy.
This decision is important for the development of Binance. Teng said that they will announce the results soon, which also shows that Binance is becoming more mature and transparent in management and supervision.
Teng also mentioned that Binance is working hard to cooperate with global regulators. He said that different places may have different interpretations of laws and sometimes conflicts, which brings challenges to them. Therefore, they feel that there should be a unified standard for cryptocurrency market supervision around the world.
Teng also talked about the detention of a Binance executive in Nigeria. He said they are working with the Nigerian government to find a way to get the executive out safely. Although he did not say how, it can be seen that Binance is using diplomatic channels to solve this problem.
Teng's words let everyone see Binance's efforts in compliance and regulation, and also show their determination to be more clear and comply with regulations.
