Binance shanghai office shut down

Nov 21, 2019 Markets Crash After Reports That Binance's Shanghai Office Closed in Crypto Crackdown. Chinese police have reportedly shut down the

Jan 03, 2020 · The November closure of a Shanghai office connected to a major crypto exchange may have presaged a broader crackdown as China prepares to launch a virtual currency The high-profile closing of a Shanghai office used by the Binance exchange in late November appears to have been an early example of China’s latest crackdown on cryptocurrency trading. Nov 23, 2019 · Binance’s Shanghai office shut down following visit by authorities, sources say. Misha Lederman, a crypto consultant also shared that Frank Chaparro, the News Director at The Block will address their usage of the language ‘police raid'” in Binance Shanghai office story. Nov 25, 2019 · On November 21st, The Block published an article claiming that the Binance Shanghai office was shut down following a police raid, but Changpeng Zhao (CZ), Binance CEO, quickly responded saying that they have not even had a Shanghai office for two years. Nov 23, 2019 · Following Binance’s outraged response, The Block amended the story to say the office was shut down “following a visit by authorities”. Binance told Bloomberg there was no raid and that it hasn’t had a Shanghai office for two years. Nov 26, 2019 · On November 21, The Block published an article which stated that Binance’s Shanghai office had been raided by the police and shut down.

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Nov 23, 2019 · Following Binance’s outraged response, The Block amended the story to say the office was shut down “following a visit by authorities”. Binance told Bloomberg there was no raid and that it hasn’t had a Shanghai office for two years. Nov 26, 2019 · On November 21, The Block published an article which stated that Binance’s Shanghai office had been raided by the police and shut down. Interestingly, in the statement, there was no mention of the police raid. Cz then responded that there was no fixed office in Shanghai. Following the news, top coins fell down in double digits.

Binance’s Shanghai office was reportedly raided by the local police and had to shut down following a Chinese authorities’ crackdown on cryptocurrency-related businesses and activities, according to news posted on The Block.

Media reports had suggested that Chinese police force had shut down its Shanghai office, while Binance had no operations at that place. “The Binance team is a global movement consisting of people working in a decentralized manner wherever they are in the world. Nov 21, 2019 · This post was originally published on this site Binance has reportedly closed its Shanghai office, where over 100 staff, including senior management, were employed, following a raid by Chinese law enforcement, according to sources cited by The Block.

“In spite of other outlets uncritically reporting Binance’s official line on the matter, The Block stands by our sources and reporting that Binance’s Shanghai office was shut down. In the name of transparency, we’ve unpaywalled the article.” Many people were behind this Tweet and voiced their support.

Nov 26, 2019 · On November 21, The Block published an article which stated that Binance’s Shanghai office had been raided by the police and shut down. Interestingly, in the statement, there was no mention of the police raid. Cz then responded that there was no fixed office in Shanghai.

Citing unnamed local sources, The Block says that local police have shut down Binance’s offices after raiding the premises. Between 50–100 of the exchange’s employees reportedly worked out of the Shanghai location. Nov 25, 2019 · The story started with The Block reporting that Binance’s Shanghai offices were raided and shut down by Chinese police. Now, Chinese state media has brought new details to the table which are intended to clarify the situation — but confusion remains. Chinese Local TV Weighs in on Binance Raid Nov 26, 2019 · Local Shanghai TV also reported on the Binance office closure, saying that the office shut down was inhabited by BABI Finance, an outsourced company related to Binance. Babi Finance is a subgroup of Binance and was no doubt created in response to China’s crackdown. Binance just one of many exchanges feeling Chinese pressure Nov 24, 2019 · Binance’s Shanghai office shut down following visit by authorities, sources say.

The following day (Nov. 22), Bithumb, another crypto exchange from South Nov 26, 2019 · Shutdown of Shanghai-Based Binance Offices Include Former Location of Babi Finance Binance has been lauded as one of the most popular cryptocurrency exchanges, but the shutdown in Shanghai has created a lot of questions. As Binance accuses The Block of spreading false information, Binance continues to fight back. Gerard Piqué Invests in Fantasy Football NFT Game Sorare Compound Finance Releases Whitepaper to Launch Its Own Blockchain DApp Transaction Volume Hits $270 Billion in 2020, 95% Comes From DeFi Rapper Megan Thee Stallion Giving Out $1 Million in Bitcoin Crypto Exchange Coinbase Files With the SEC to Launch Its IPO Coinsilium Signs Agreement to Nov 21, 2019 · DO IT Enable 2FA on Zoom Mobile and Desktop Apps Now (gizmodo.com) Around this time, the news titled “Binance's Shanghai office shut down following police raid, sources say” was published on The Block.

Binance has not responded to Cointelegraph’s requests for comment as of press time. Closure follows crackdown Nov 22, 2019 · In spite of other outlets uncritically reporting Binance’s official line on the matter, The Block stands by our sources and reporting that Binance’s Shanghai office was shut down. In the name of transparency, we’ve unpaywalled the article. Changpeng Zhao (43 years old), CEO of Binance, he called The Block is FUD Block and : Nov 22, 2019 · “The Binance team is a global movement consisting of people working in a decentralized manner wherever they are in the world. Binance has no fixed offices in Shanghai or China, so it makes no sense that police raided on any offices and shut them down,” the spokesperson said.

Nov 22, 2019 Binance and Bithumb denied claims of police raid in Chinese offices, followed by the reports of office shut down. Nov 21, 2019 Binance Holdings Ltd., operator of one of the world's largest cryptocurrency exchanges, said it doesn't have any “fixed offices in Shanghai or Oct 29, 2020 The largest cryptocurrency exchange in the world, Binance, made plans to use A representative of the Department tells Forbes that Binance. known to be Cayman Islands based but the exchange first launched in Shangh Nov 26, 2019 Local Shanghai TV also reported on the Binance office closure, saying that the office shut down was inhabited by BABI Finance, an outsourced May 27, 2020 However, since the closure of its last office, which held more than 100 people, the majority of Binance's Chinese staff work remotely. Nov 27, 2019 The saga began when The Block reported that a Binance office in Shanghai had been “raided” by Chinese authorities, then shut down.

The Block, a crypto media startup founded in 2018, reports that Binance closed its Shanghai office in response to an alleged police raid. Around this time, the news titled “Binance's Shanghai office shut down following police raid, sources say” was published on The Block. Given that it covers the world’s leading cryptocurrency exchange Binance, it certainly created a stir among the crypto audience. However, to get more detail about this, you would have to pay $18. The Binance Coin price declined by 3.2% and is now $16.8. What we know.

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Jun 25, 2019 As per the news, China aims to clamp down on “all cryptocurrency trading with Following the ban, the Shanghai-based BTCC bitcoin exchange was Lee, CEO and co-founder of BTCC (which closed its China operations),&nb

Nov 22, 2019 · A Binance spokesman clarified that no such incident took place. Media reports had suggested that Chinese police force had shut down its Shanghai office, while Binance had no operations at that place. “The Binance team is a global movement consisting of people working in a decentralized manner wherever they are in the world. Nov 21, 2019 · This post was originally published on this site Binance has reportedly closed its Shanghai office, where over 100 staff, including senior management, were employed, following a raid by Chinese law enforcement, according to sources cited by The Block. Binance Denies Office Raid Binance has moved to deny reports of the raid after CEO and Founder … Chinese police have reportedly shut down the Shanghai offices of leading cryptocurrency exchange Binance.