Changpeng Zhao (CZ), CEO of Binance, the world’s largest cryptocurrency exchange, is looking for ways to reduce its stake in the US subsidiary of the exchange, Binance.US.
According to the news that The Information based on the statements of the sources published on May 11, CEO CZBinance.US from the USA in the eyes of regulators your image to be able to improve for the company to reduce their shares looking for ways.
According to the statements of the sources of CZ approximately 4.5 billion your dollar on stock market with valuation majority shareholder to remain as licensing official processes such as will make it difficult is being considered.
The stock market has been in the US many times before. on regulators’ radar known to have entered. CEO CZ And Binance.US team compliance policies extremely that they pay attention And with regulators that they cooperate often they repeat.
On the other hand, US regulators of CZ in crypto activities within the country dominant figure from the fact that uncomfortable various that speculations is wandering.
Recently US Commodity Futures Trading Commission (CFTC) Binance.US to US customers unregistered crypto derivatives product services to Binance.US for offering had sued.