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Changpeng Zhao

Binance founder Changpeng Zhao joins PCC as advisor

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Binance founder

ISLAMABAD: Binanins founder Changpeng Zhao, known as CZ, has been appointed strategic adviser to the Pakistan Crypto Council(PCC).

Binanins founder Changping Zhao has been appointed strategic adviser to Pakistan Crypto Council , Changpeng Zhao’s founder is one of the most influential leaders of Bennson and Web Three.

The statement said that during the visit, the CZ also held separate meetings with the Prime Minister Shehbaz Sharif and the Deputy Prime Minister.

The Finance Minister Senator Muhammad Aurangzeb said that it is a historic moment for Pakistan and giving a message to the world that Pakistan is ready for innovation and is accelerating the vision of making Pakistan a regional power. With the joining of CZ, web 3 and digital finance will lead to block chain -based development.

Saqib Bilal, adviser corporate economy, said that Pakistan is opening its doors for the future by the financial world, who can be better guidance than the CZ, Changpeng Zhao has established the world’s largest crypto exchange.

The statement said that CZ will provide consultation on infrastructure, education, education issues, the Changpeng Zaho government will play a role in forming a crypto system of global standards with the government.

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Binance Takes Legal Action: Seeks Dismissal of SEC Fraud Lawsuit

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Binance Takes Legal Action: Seeks Dismissal of SEC Fraud Lawsuit

Binance fights SEC lawsuit, aiming for dismissal. SEC alleges fraud, including volume inflation and investor deception. Binance, like Coinbase, advocates for industry-specific crypto regulations. Binance, the world’s largest cryptocurrency exchange, is set to face the U.S. Securities and Exchange Commission (SEC) in a Washington courtroom this Friday. The exchange, along with its CEO and founder … Read more

Changpeng Zhao pleads guilty to money laundering charges

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Changpeng Zhao pleads guilty

Changpeng Zhao pleads guilty to money laundering charges. The CEO of Binance has resigned after pleading guilty. The U.S. Justice Department has imposed a $4.3 billion penalty on Binance. Changpeng Zhao, the CEO of Binance, has resigned after pleading guilty to money laundering violations. The U.S. Justice Department has imposed a $4.3 billion penalty on … Read more

Binance CEO discusses Uniswap case, regulatory clarity, and token expansion

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Changpeng Zhao

On September 1, Binance CEO Changpeng Zhao conducted a live Twitter chat, addressing a number of important issues in the cryptocurrency industry. One noteworthy high point was the recent Uniswap judgment case. Uniswap’s developers and investors were sued in April 2022 by trader Nessa Risley, who claimed they broke security regulations by creating bogus tokens … Read more

Binance’s CEO ‘Changpeng Zhao’ works with Singapore regulators

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Changpeng Zhao

Binance CEO Changpeng Zhao thanked Sopnendu Mohanty for inviting him to the Point Zero Forum. He also shed light on “misleading media titles about Binance/crypto, Singapore, etc”. The price of Binance’s native token, Binance Coin (BNB), has dropped slightly. Changpeng Zhao, Binance’s CEO, went on Twitter to thank Sopnendu Mohanty, the Chief Fintech Officer at … Read more

Cristiano Ronaldo announces NFT deal with Binance

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Cristiano Ronaldo

Cristiano Ronaldo signs a sponsorship deal with cryptocurrency exchange Binance. The renowned footballer will create a collection of non-fungible tokens (NFTs) sold exclusively through the exchange. Digital asset businesses have become some of the largest sponsors of sports athletes and franchises. Cristiano Ronaldo, one of the sport’s biggest stars, has signed a lucrative sponsorship contract … Read more

Binance hopes to have Dubai headquarter

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Dubai

RIYADH: Binance, the largest cryptocurrency exchange, is set to sign an initial agreement with the Dubai government regarding crypto-related activities, Asharq reported. Dubai is one of the candidates along with France to be the global headquarters of Binance. Changpeng Zhao, the CEO and co-founder of Binance bought his first home in Dubai in October. He also said … Read more

Changpeng “CZ” Zhao, Binance.US Might Go Public in three Years

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Changpeng “CZ” Zhao

Changpeng “CZ” Zhao, CEO of one of the world’s biggest exchanges, Binance, stated its U.S. associate is observing a primary public offering in three years.

Zhao stated “Binance.US is just going to do what Coinbase did” by ensuing in the tracks of Brian Armstrong’s exchange.

The change to go public would be a bonus for the plagued Binance brand, with numerous states having publicized inquiries into or issued warnings against Binance.

A representative for Binance confirmed with CoinDesk that Zhao had exposed an expected timeline through an interview with the publication and highlighted his reply as being reliant on market factors.

Zhao stated, “So if the business can grow consistently over the next three years, then three years should be sufficient for an IPO,”

He further said, “If there’s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”

Binance.US is watching the achievement of a big private funding round in the next two months that would see the exchange’s CEO decrease control of the U.S. affiliate’s board, according to the report.

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Binance users in Singapore can no longer use Binance.com

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Binance.com

Binance CEO, Changpeng Zhao (CZ) posted three tweets in a row, telling users of Binance in Singapore that they can no longer use Binance.com. As an alternative, he stated that Singapore-based users must currently use binance.sg.

In detail, he stated that this is for the reason that of directions set by the Monetary Authority of Singapore (MAS). He further said that due to these instructions, there may be certain limits for Singapore-based users who access the platform using binance.com.

He adds that these rules are set by governing bodies and all Binance can do is to attempt and save up with the rules.

On this matter, he expects that the users will recognize and goes on to thank them for their understanding. Therefore, CZ says to Singapore-based users that it is not dangerous for them to use Binance.sg. In fact, he pressures that this choice bids as an independent thing that works in Singapore.

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Binance warned by Central Bank for operating illegally in Netherlands

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Binance

The Netherlands has imposed a ban on Binance. According to De Nederlandsche Bank (DNB), the company has failed to secure the necessary legal registration, making its services illegal in the country.

DNB said, “This means Binance is not in compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act and is illegally offering services for the exchange between virtual and fiduciary currencies and it is illegally offering custodian wallets”.

The central bank may take action against Binance. As of now the bank has not yet any details. A representative of De Nederlandsche Bank said.

In reply, Binance said that it aims to receive licensing approval from DNB “in due course.”

Binance has recently been the subject of intense regulatory investigation in the U.K., Italy, Japan, Canada, Poland, Thailand, the Cayman Islands, Malta, and other countries.

Changpeng Zhao, the company’s CEO, has even stated that he would be willing to resign if someone with a good compliance background was willing to take his place.

Zhao stated that hiring more workers with regulatory skills was his “top priority.”

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