Binance CEO Made a Statement About Ukraine and Singapore

Binance CEO made a statement about Ukraine and Singapore. The CEO said that they are determined to comply with the regulations.

Changpeng Zhao, CEO of the Binance exchange, where regulatory agencies are under pressure in many countries from the UK to Thailand, from Singapore to the Cayman Islands, made a statement to CNBC and reiterated their commitment to regulations. Evaluating Singapore's warning decision on Binance.com, CZ explained that they did not have any problems in this country. Stating that they are working with the Ukrainian state, Binance CEO made the following statements: "We have two separate institutions. Binance.com is our global institution and does not serve customers in Singapore. It never did. Binance Singapore, on the other hand, serves Singaporean users exclusively. It is currently undergoing the licensing process."

"Regulatory Agencies Are Focused On Crypto..."

“Right now, regulators around the world are paying attention to crypto. Of course they are looking at us as we are the biggest player globally. So we have taken some steps too. For example, we have introduced full KYC in all our institutions and services. If you want to benefit from our applications If you want to, you have to do KYC and this step has been appreciated by all the regulators in the world.”

Example of Italy and Germany

“To give another example, we have removed futures in countries such as the UK, Italy and Germany. We have some plans to go further at the moment. Frankly, although this may be bad in terms of public relations and communication, it is also good in terms of guiding our regulatory practices. "

"We Do Too Much In Ukraine..."

"We are also currently working with the Ukrainian government on cryptocurrency law and we are advising them. We do a lot of things. I can tell it all in the morning."