LONDON, Oct 7 (Businesshala) – Ireland is part of major cryptocurrency exchange Binance’s plan to set up multiple headquarters around the world, its CEO told Businesshala on Thursday.
Regulators around the world have scrutinized Binance, the world’s largest exchange by trading volume, in recent months. Some have banned the platform from certain activities, while others have warned consumers that it was unlicensed to operate.
In response, CEO Changpeng Zhao said in July that he wanted to improve relations with regulators, and would break away from its “decentralized” structure and establish regional headquarters.
Last month, Binance registered three firms in Ireland, corporate registry documents show.
“Historically, we claim that we do not have headquarters. We are actually in the process of setting up some headquarters in different parts of the world,” Changpeng Zhao said in an interview.
Asked whether Ireland is involved in Binance’s plan to set up headquarters in a particular country, Zhao replied: “Yes it does.”