• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Fintech / Is Binance A Chinese Company? Here’s What CZ Has To Say
Is Binance A Chinese Company? Here's What CZ Has To Say

Is Binance A Chinese Company? Here’s What CZ Has To Say

September 11, 2022 by Lipika Deka

Binance’s Chief Executive Officer Changpeng “CZ” Zhao has responded to claims over being a Chinese firm. CZ penned down a detailed post offering a rebuttal to the allegations. The top executive criticized the media’s efforts to malign its reputation by portraying it as a company with connections to China.

One of the many strengths that our employees at Binance must possess is thick skin. After all, this industry is the subject of a lot of negative sentiment (much of it is unwarranted, but it’s the reality right now). In recent months, our thick skin has been tested by a noticeable increase in attacks on our company’s reputation.

He lamented that people would still insist on calling it a “Chinese company,” despite establishing itself as a global firm with diverse employee profiles similar to that of FTX, and Crypto.com.

Zhao also took a critical note of the negative campaigns orchestrated by crypto exchanges and projects to target competitors and said these types of attacks are becoming more sophisticated.

“And while it is tempting to launch counter-attacks on the industry’s bad actors who engage in these activities, we will not debase ourselves nor abandon our values,” he added.

image 27
Is Binance A Chinese Company? Here's What CZ Has To Say 3

It is worth recalling that a self-proclaimed whistleblower CryptoLeaks recently published a report alleging Avalanche labs for exploiting litigation to cast doubt on rival blockchain projects. Binance too was served a legal notice at the behest of Ava labs, the report alleged.

“Binance Was Never Incorporated In China”

While Binance has at times shifted its corporate headquarters around the globe, CZ has maintained that the exchange was never incorporated in China.

He also stated that the firm has subsidiaries spread across the globe, including France, Spain, Italy, UAE, and Bahrain [to name a few].

“But we don’t have any legal entities in China, and we do not have plans to.”

According to CZ, it is incorrect to presume that the exchange is “secretly in the pocket of the Chinese government” simply because he is of Chinese ancestry and there are other ethnically Chinese employees.

He referred to Binance as a simple target for Western governments, as well as oppositional media and special interest groups.

Filed Under: Fintech, News Tagged With: Binance, China, CZ

Primary Sidebar

Recent Posts

  • XRP Price Breakout Incoming? $3.65 “Valhalla Gate” Could Trigger $12+ Rally July 16, 2025
  • Breaking- Trump Rallies Lawmakers To Back GENIUS Act After House Vote Collapse July 16, 2025
  • BONK Targets $0.00004 as Bull Market Signals Improve July 16, 2025
  • BTC to 120K, Nasdaq Composite, Altcoin Price Prediction and the Next x100 Meme Coin: Pepeto July 16, 2025
  • Crypto ETF Surge: XRP and Solana Lead 2025’s Altcoin ETF Revolution July 16, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.