According to Changpeng Zhao, Binance will face severe regulatory pressure as it transitions from startup tofinancial company.
Cryptocurrency exchange Binance US, which operates in the United States separately from Binance, plans to go public even despite regulatory pressure.
The CEO of the exchange acknowledged that Binance's efforts tocooperation with regulators has not yet yielded the desired results. However, the company is working on compliance every day and hiring former regulators.
CZ stated:
Binance US plans to go public.Most controllers are familiar with the traditional pattern – presence of headquarters and corporate structure. We are working on this to make it easier to go public.
Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies
Based on materialscointelegraph.com
