The world’s largest crypto exchange may soon establish a regulated entity in a G-7 nation in Europe, Binance founder and CEO Changpeng Zhao said Tuesday at the Financial Times Crypto and Digital Assets Summit.
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- Zhao said Binance already has a standard corporate structure — a prerequisite when it applies for licenses — and has a holding company that it will disclose soon.
- Binance has been on a major compliance drive, recently obtaining licenses in Dubai, Bahrain and Abu Dhabi.
- Binance.US, Binance’s American partner operating in 45 states and seven territories, last week said it won a license in Puerto Rico.
- The crypto exchange’s latest compliance efforts included hiring former British regulator Steven McWhirter as a director of regulatory policy.
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