Cryptocurrencies
Binance Seeks New CEO, Headquarters Amidst Regulatory Probes
- Binance is going to be seeking licenses ‘everywhere,’ CEO says
- ‘I don’t mind taking a break,’ Zhao said at news conference
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The world’s biggest crypto exchange, Binance, is looking for a new chief executive officer as it’s retooling to address concerns of regulators from around the world, current CEO Changpeng “CZ” Zhao said in a news conference call Tuesday.
Facing a slew of probes and consumer warnings, Binance plans to change its mindset from being a tech startup to acting as a financial institution, with all related licensing and compliance procedures in place, Zhao said. The company, which previously said it is not based anywhere, also plans to establish multiple headquarters around the world, and to appoint senior people steeped in compliance as regional CEOs, Zhao said. It’s also applying for licenses “everywhere,” he said.