Changpeng Zhao, CEO of the world-famous crypto exchange Binance, said in an interview with the Financial Times that they are in talks with the wealth funds of various countries about the sale of the company’s stock.
Binance CEO, known as CZ, said that after facing pressure from various countries’ regulators during the year, talks with wealth funds will help develop countries’ thinking and relationship with Binance.
“Binance has faced increasing challenges from regulators this year. Investments from country wealth funds will help improve relations and perceptions with many countries.
These investments may also connect us to certain countries where we want to be a little more careful.”
The famous CEO, who did not explain which country’s wealth funds they were meeting with, stated that the talks with various country wealth funds are at the preliminary stage, but that the investments will be on a large scale and the process will not be short.
CZ also said that given that Binance is under scrutiny by regulators of various countries, the company is “better than banks” thanks to its “Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and is therefore not concerned about illegal activity on the Binance platform.” stated.
