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Binance chairman changpeng zhao denied a report that the company plans to sever ties with business partners in the United States. BINANCE has been increasingly scrutinized by American regulators over the past few weeks.
Bloomberg reported on Feb. 17 that binary participations "examine whether links with intermediary companies of this type should be severed as banks and service companies and re-evaluates venture capital investments in the United States," quoting an anonymous source. The source added that tokens from projects based in the United States, such as the dollar coin in the circle (), can be removed from the list.
On the same day, in response to a report on the Bloomberg report, Zhao, often known as CZ, tweeted “4. The source added that project tokens based in the United States, such as Circle's USD coin (), can be written off.
That same day, in response to a report about Bloomberg's report, Zhao, often called CZ, tweeted "4.
False" in apparent reference to his New Year's tweet of "Things to Do and Not to Do", where the fourth point on the list was "Ignore UFD, Fake News, Attacks, etc." Ask for leave before. https://t.co/js0OR7gy68
— CZ Binance (@cz_binance) February 17, 2023
CZ tweeted on Feb. 13 that Binance would be reviewing projects in jurisdictions with “ongoing regulatory uncertainty […] I want you to ask permission first. Https://o. co/js0OR7gy68— CZ Binance (@cz_binance) on February 17 2023CZ tweeted on February 13 that Binance would look at projects in jurisdictions where "regulatory uncertainty..."US.
Both Binance and Binance.Binance Holdings does not serve clients in the US, which are referred to Independent Binance. The U.S. Securities and Exchange Commission (SEC) is reportedly looking at ties between Binance.Recent investigations by American regulators have dealt with the United States.
Related: Binance CEO: Crypto industry will probably move to non-dollar stablecoins
United States of America and commercial companies with direct links with CZ.US, suspended bank transfers in U.S. dollars on Feb. 8 without explanation, but the action hinted at banking problems. On Feb. 13, the New York Department of Financial Services ordered Paxos Trust to stop minting the dollar-pegged Binance stablecoin BUSD after reports that the SEC was preparing a suit over the coin. Binance was hit with a surge of withdrawals as a result.
On the thirteenth of February, the Financial Services Department of New York ordered Paxos Trust to stop hitting the dollar-pegged binance stablecoin busd after reports that the dry prepared a costume on the coin. 15 that the company expected U.S regulators to extract monetary penalties from the companies due to past compliance issues.
