Cryptocurrency exchange Binance wants to ‘be a financial institution’, seeks licences to undo regulatory red flags

Source: Tech – South China Morning PostBinance, the world’s largest cryptocurrency exchange, said it was seeking licences and multiple headquarters in response to a slew of warnings issued in several jurisdictions this year.Zhao Changpeng, the exchange’s CEO, even raised the prospect of being succeeded by a global executive with a strong regulatory background to help Binance pivot towards becoming a regulated financial institution. The start-up was on the lookout for such a candidate but Zhao, who has been CEO for four years, did…Read More

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