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Crypto Bourse Binance Says No China Office Amid Raid Rumors

  • Traders say the speculation played into Bitcoin’s price slide
  • Shanghai officials issued notices calling for crypto cleanup
Views of Shanghai as IMF Says China's Complex Fiscal System Needs 'Crucial' Overhaul
Photographer: Qilai Shen/Bloomberg
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Binance Holdings Ltd., operator of one of the world’s largest cryptocurrency exchanges, said it doesn’t have any “fixed offices in Shanghai or China” amid rumors that police raided the facilities in the nation’s biggest city.

“Any reports of a police raid are false,” a spokesperson for Malta-based Binance said in an email. “We do not have an office in Shanghai.”