Binance CEO Richard Teng refuses to reveal location of company HQ

Binance’s recently appointed CEO, Richard Teng, declined to stock the determination of his company’s planetary office with the Financial Times connected Dec. 5, continuing its contented of framing itself arsenic a planetary company.

Teng refused to sermon the firm’s basal of operations, stating:

“Why bash you consciousness truthful entitled to those answers … Is determination a request for america to stock each of this accusation publicly? No.”

Teng added that the company’s European office are successful France, that its Middle East office are successful Dubai, and that the company’s planetary office volition beryllium revealed “as and erstwhile it’s appropriate.”

Teng different said that Binance has submitted to audits successful the locations successful which it is regulated. However, helium did not sanction circumstantial audit firms.

FT noted that Binance’s erstwhile CEO, Changpeng Zhao, typically maintained that Binance has nary planetary office astatine all. Binance’s website does not database immoderate office and describes a planetary advisory committee with members worldwide. And though Binance has a holdings institution successful Malta, the country’s regulators person denied authorization implicit the company.

Binance’s existent basal of operations is simply a long-standing constituent of controversy. Sources, including the Financial Times, allege that the institution has maintained ties to China adjacent aft officially exiting the state years ago.

Teng says scrutiny is attracting users

Teng besides discussed agreements with U.S. agencies requiring Binance to enactment nether a compliance show for up to 5 years. The show is appointed by the U.S. government, according to past reports.

Teng told the Financial Times:

“The compliance show … is simply a cardinal affirmative … That gave a batch of assurance to users including organization users which are present approaching america successful a precise assertive fashion.”

Binance resolved charges from respective U.S. agencies, including the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and 2 U.S. Treasury agencies successful November. In summation to agreeing to the supra monitorship, the steadfast volition wage billions successful fines and summation its compliance efforts.

Binance’s erstwhile CEO, Changpeng Zhao, pleaded blameworthy to related charges connected Nov. 21 and volition look sentencing successful February. He resigned arsenic CEO the aforesaid time and was succeeded by Tang.

The station Binance CEO Richard Teng refuses to uncover determination of institution HQ appeared archetypal connected CryptoSlate.