Skip to main content

Binance is in talks with wealth funds, starts 4th unit in Ireland



Binance is in initial talks with a number of sovereign wealth funds to invest in its global entity, founder and CEO Changpeng Zhao said in an interview with the Financial Times today . He did not name any specific funds.

According to Zhao, the participation of sovereign wealth funds in his company would improve the perception of the world's largest crypto exchange by the regulators worldwide. He added with some caution:

It could also bind us to certain countries ... which we want to be a little careful about.

Binance has already been scrutinized by regulators in countries like Japan, the UK, Canada, Singapore and South Africa.

Binance US closes millions of dollars in pre-market financing

Over the next few weeks, Binance's US unit will close a "few hundred million" pre-listing financing, Zhao added. Binance is also trying to establish a global headquarters, making a 180-degree turnaround from its decentralized operating model.

Investor concerns thwarted an earlier attempt to finalize the financing. The New York Times reported that investors were concerned about Binance US's independence from its parent company.

Fourth branch in the tax haven of Ireland

The crypto exchange has a fourth legal entity registered in Ireland, the Irish Independent reported. Binance is considering Ireland as the location for its global headquarters, Zhao confirmed to Reuters in October. The CEO said his company is ready to "settle down" after years of decentralized operations to alleviate compliance issues.

Binance already has three companies in Ireland. The newest company is called Binance Exchange (Ie). However, there is never anything certain. In November, CEO Zhao spoke about plans for an office in France in an interview with Les Echos:

France would be a natural choice for regional and perhaps even global headquarters.

Global companies like Google and Apple prefer Ireland as the location for their European offices because taxes are relatively low there. However, the country will increase it from 12.5% ​​to 15% in the near future. Currently, corporate tax rates are among the lowest in the world.

Binance opens up to crypto-friendly jurisdictions

Binance is actively communicating with regulators around the world, assured the charismatic CEO. He cited the United Arab Emirates, France, and Singapore as examples of crypto-friendly countries. The location of the future headquarters has not yet been decided.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
Upland - Collect Digital Properties & Test Your Skills
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more