guess jewelry wholesale Chinese richest man Zhao Changpeng: Born in Lianyungang, Shanghai is now a funeral dog in the world

Samantha

November 23, 2022 at 7:33 am

wholesale jewelry making supplies in bulk uk Work Report of 2021
It people think that he is a liar devil, and some people think he is the god of wealth representing the future. He is born in Lianyungang, in Shanghai.

The people named settled in Turkey said that the Turkish young generation of daily mobile phones were equipped with Zhao Changpeng's Binance. The other says that Zhao Changpeng, a dead dog, is the richest man who cuts the leeks of Chinese people. The first is a scammer and MLM.

At the New Year's Eve conference just passed, Zhao Changpeng's Binance issue was reported to make Zhao Lianye's escape from the media in China, and now the biggest mistake is to buy This bitcoin is virtual currency.

The era of the universe and virtual currency

n On September 24, 2021, the People's Bank of China and the Central Network Information Office and other ten departments jointly released The "Notice on Further Preventing and Disposing the Risks of the hype of virtual currency transactions" clearly states that virtual currency -related business activities are illegal financial activities. Overseas virtual currency exchanges provide services to residents in my country through the Internet that are also illegal financial activities.

Since the end of last year, with the rise of the concepts of the Yuan universe, the management of virtual society in the future has been followed again. "An important platform for social interaction", in fact, although many countries, including China, are prohibited from virtual currency transactions, token or digital currencies are difficult to bypass the allocation of virtual society throughout the future.

of course, the Yuan universe was still very early. In the Chinese capital market, the Yuan universe analyst has built the Chinese Yuan universe long ago. The previous virtual person became a Yuan universe company, and only shareholders believed (everyone knows that this is at least deceived). In fact, under China's regulatory background, it may now encourage development to establish digital twins, VR education, virtual tourism and other projects such as VR and other technologies, and other tokens will be prohibited. A company has a virtual avatar and a company with a virtual anchor, which is purely cheating.

However, in the face of the future, it is also necessary to pay attention to these things.

The Chinese richest man of the Chinese richest man of the devil virtual currency exchange

Like ghost charm.

has no license on this exchange, no entity ... except for just reporting that Canada may allow it as a exchange, the world does not recognize it.

A as the fastest growing major financial exchange in the world has neither headquarters nor formal address. In a country that develops business, it has not received licenses. Recently, its CEO even avoided the problems of their place of residence.

The central banks including China and government agencies are prohibited from virtual currency transactions, and the US Department of Justice is investigating. However, Binance is already a trading platform giant in the field of digital currency. It is equivalent to the sum of the cryptocurrency version of the London Stock Exchange, the New York Stock Exchange and the Hong Kong Exchange. Data vendors' data shows that the transaction volume of cryptocurrencies such as Bitcoin and Ethereum that Bitcoin and Ethereum reached 76 billion US dollars per day, which is more than the four largest competitors in its four.
In the magazine of "Finance", Zhao Changpeng, the founder of Binance, reached 90 billion US dollars (equivalent to 573.3 billion yuan), surpassing the 424.4 billion yuan of Nongfu Spring Chairman Zhong Yan, and reached the top Chinese richest man.

This exchanges
n

There is no headquarters nor formal address. In a country that develops a business, it has not got a license. Not only that, until recently, its CEO even avoided the problems of their place of residence.

Binance, which has only been established for only four years, is now a trading platform giant in the field of digital currency. The sum of the three exchanges in Hong Kong. Data providers' data shows that after a round of rapid growth, the transaction volume of cryptocurrencies such as Bitcoin and Ethereum, such as Bitcoin, Ethereum, has reached 76 billion US dollars per day, which is more than its four largest competitors.

. However, the entire cryptocurrency industry, especially Binance, has basically been unconstrained or regulated in recent years.

The financial regulatory authorities are becoming more and more worried that the growth rate of digital assets is so fast that it has system importance now. Until recently, some people still dismissed digital assets, thinking that it was just a momentary boom. The Bank of England official Jon Cunliffe mentioned in an October speech that the crisis caused by the second mortgage loan in 2008 was mentioned in a speech in October. He said when talking about cryptocurrencies, "If the financial system, the financial system Some of them grow very fast, and the growth is basically outside the scope of supervision. At this time, the department responsible for maintaining financial stability must be vigilant. " Objects of attention with regulatory authorities. In recent months, regulators of more than ten countries have issued warnings to Binance users, reminding them that the exchange has not yet registered, and has not obtained qualifications when providing various services.

In former Binance executives, The AND Exchange (SEC) is investigating the U.S. business model of Binance. To the business license. A coin executive said that the SEC requires the US company to provide an information list, including explaining the relationship between its US business and global business. According to a former executive of the company, the US Department of Justice is investigating whether Binance is involved in money laundering. Bloomberg News has previously reported that the U.S. Department of Justice investigated the Binance.

For this cryptocurrency exchange, the US market can be described as a "big test". It has signaled that it is hoped that American subsidiaries can be listed in the next few years. Binance hired a person who worked in the financial regulatory agency to build its US business Binance.us, but this person had left in August and was only three months before he took office.

It some former executives of the company said that they are worried that the data of Binance is controlled in the hands of the company's programmer. They said that this may have a problem similar to TIKTOK -because the Chinese government is concerned about the user data of TIKTOK (the company denies it), the Trump administration has tried to "block" the social media platform.

The founder and CEO Zhao Changpeng said in an interview that Binance needs to follow the requirements of the regulatory agency. He said that the company needs to get a formal license.

"We have developed a very legal business." He said that the reason why business growth is rapid because the company has received user trust. But "If you look at the people who use cryptocurrencies all over the world, it may not be 2%of the global population." Zhao Changpeng said, "To attract 98%of the people, we need to accept supervision."

The Zhao Changpeng also said that Binance is setting up an office and a company headquarters. Before, he thought it was an old -fashioned approach, but the regulatory agency had this requirement. He was unwilling to disclose the office and headquarters. In August this year, Binance stated on his website that in order to prevent people from using Binance to transfer funds illegally, it has listed user identity verification as a compulsory requirement.

The representatives of Binance.us, the US business of Binance and its US business, refused to investigate and comment on the SEC and the Ministry of Justice. The two companies said that they were two separate entities. The Binance spokesman Jessica Jung said, "We will cooperate with the work of regulatory agencies in various countries, and we will also seriously treat our compliance obligations." She also said, "With the development of Binance, cryptocurrency transactions and supervision will also develop. The same is true. "

Binance.us spokesman Matthew Miller said," We have taken strong protection measures to ensure that they are only satisfied with users It can only be obtained when the demand, improvement of service quality, or the requirements of the regulatory authorities can only be obtained. "He also pointed out that all American users' data are stored on servers in the United States.

Since Binance does not have a fixed office place, the regulatory agency is confused because they do not know who the jurisdiction of Binance belongs to. Binance Holdings LTD., Binance Holdings LTD., is registered on the Cayman Islands. However, according to the financial regulators of the Cayman Islands, the clauses of Binance's registration were not allowed to operate cryptocurrency exchanges in the country. Binance spokesman Jung said the company did not operate the exchange.

But before September, the Australian website of Binance has always shown that Binance Holdings is an entity for Australian users to provide cryptocurrency trading services. Jung pointed out that this "is just a error."
The Zhao Changpeng said that Binance has 3,000 employees worldwide. According to the former Binance executives, according to the company's hand -of -hand transaction volume and the handling fees it charged, insiders of the company believe that if Binance is listed, its market value will be as high as US $ 300 billion.

The is really the case, Zhao Changpeng will become extremely rich. He said he was the largest shareholder of Binance.

Zhao Changpeng is a star of the cryptocurrency industry. He has 3.9 million fans on Twitter. The more well -known name is CZ, that is, the first letter of his name. According to the Binance spokesman Jung, the company's responsible persons in charge of safety work have told Zhao Changpeng and other executives that if someone asks their place of residence and refuse to answer.

. She said that recently, Zhao Changpeng has not covered her whereabouts. In the past two years, he stayed in Singapore. According to a person who knows Zhao Changpeng, he often rides a electric scooter to meet.

Zhao Changpeng, 44, was born in China. He said that he moved to Canada with his parents at the age of 12. After learning a computer for a while, he worked in several financial companies in Tokyo and New York, including Bloomberg LP. At that time, his job was to develop futures trading software.

. He said that the first time he heard that Bitcoin was a card in Shanghai in 2013. At that time, the digital currency "cast" by the computer program had appeared for several years. Although they do not have government recognition like fiat currency, they still attract a group of people who are proficient in computer technology, including those who no longer have fantasies about financial systems after the financial crisis in 2008.

At that time, such currencies were very complicated. Not only do you have a few trading platforms, but the price fluctuations are also extremely violent. In addition, after MT. GOX and other exchanges were attacked by hackers, they also hit people's confidence.

Zhao Changpeng was attracted to the decentralized currency concept. This currency can be used anywhere, and there is no need to go through banks or experience in various cuscons. In the interview, he said, "We can use this technology to enhance the freedom of funds from people all over the world."

t I went to a few more cryptocurrency startups. In 2017, he and a programmer team founded Binance.

At first, Binance's business was mainly concentrated in the transactions of Bitcoin and other digital currencies, but users were not allowed to exchange digital currencies into mainstream currencies. Zhao Changpeng said that when the company was just established, it did not need a bank account or headquarters.

Binance added nine languages on the website to stand out among competitors who only provide English services. Some traders say that the platform developed by Binance is also very useful.

In July 2017, Binance first issued its own digital currency and coin (BNB), which raised $ 15 million at the time. It introduced its own business in the 2017 release instructions and pointed out that most other investors are Chinese personal investors.

coin -security has attracted users from all over the world, including some countries with underdeveloped financial systems, such as South Africa, Russia and India. It took only six months to become the world's largest cryptocurrency exchange, but soon, it encountered trouble at the regulatory agency. In the summer of 2017, Binance just started to spread its business in Shanghai. Two months later, the Chinese government issued a ban on cryptocurrency exchanges. It was worried that such exchanges would be used to transfer funds to foreign countries illegally.
The Zhao Changpeng recalled at a online science and technology conference that later a 30 -person Binance team left China and arrived in Japan. In 2018, the Japanese financial regulatory agency also issued a warning to Coin An, reminding it that it could not provide trading services to the public without getting a business license.

Since then, Binance no longer announces specific office sites. Zhao Changpeng said that the company's employees are distributed around the world and they are working remotely at home.

The lawyer Aija Lejniece, a resident lawyer in Paris, said, "Binance seems to be everywhere, but it seems that there is no trace." In May, because the trading website of Binance was frozen for more than an hour, they lost their funds. At present, they are trying to recover the money. Lenisian is a lawyer representing these people. Binance refused to comment on this, but it previously stated that it had immediately taken measures to communicate with users affected by the fault, and also provided compensation for "users who suffered actual transactions".

. With more and more digital currencies developed by cryptocurrency enthusiasts, currencies available on the Binance platform surpassed many peers. Among them are both Fan Token of the European Football Club and Dogecoin, which are highly sought after by investors earlier this year.

Binance is different from the stock exchange, and the latter must be approved by the supervision of each jurisdiction, and Binance's business is all concentrated on a trading platform -Binance. It claims to be He did not set up headquarters in any country. In 2019, the following year when the Japanese regulatory agency issued warnings to Binan, the data collected by the research company The Block showed that there is still a user traffic from Japan on the Binance platform. The Binance spokesman Jung refused to comment on the matter.

Cin -Ang'an began to provide derivatives related to cryptocurrency. With a deposit of 80 cents, users can trade equivalent to $ 100 or other digital currencies. Later, Binance restricted such derivatives.

In 2019, Binance began to allow users to exchange cryptocurrencies into traditional currencies such as dollars, thereby connecting themselves into the banking system.

Peng -security managers said that the company will pay some YouTube Internet celebrities and let them make videos to tell people how to get started. A foreign team also signed a contract with a day trader in the Middle East and Africa markets, who managed small -scale groups on Facebook and other social networks.
In the company, Binance will also let the team compete with each other and make the best growth strategy win. "We encourage internal competition." Zhao Changpeng said.

Binance has also been favored by American users, but it turns out that it is not easy to keep the dominant position in the US market. In April 2019, a document released by the SEC outlined a set of tests to determine which digital assets may be regarded as securities regulated. Zhao Changpeng guided the American user to Binance.us. The latter provided relatively few types of cryptocurrency transactions and did not involve derivatives.

According to a former Binance executive, at the end of 2020, SEC asked Binance.us to provide detailed business information, including who is controlling the user's digital wallet, the storage of cryptocurrencies, the storage of cryptocurrencies And the details of the agreement between Binance.us and the parent company Binance Holdings.

In May 2021, Binance.us hired Brian Brooks as CEO. The Director of the Agents of the Currency, who has also held management positions in the Binance competitors Coinbase Global Inc..

After taking office, Brooks began to raise funds from American investors. This will introduce independent members in the board of directors, and then weaken Zhao Changpeng's control. According to some former executives, Zhao Changpeng currently holds most of Binance.us's equity.

. They said that Brooks also wanted to control the software that moved out of China from China in the United States. The electronic information seen by The Wall Street Journal shows that one month before Brooks took office, the employees of Binance.us had to help Shanghai colleagues to solve the software problems encountered by some American accounts. According to the former executives, until this summer, Shanghai developers are still maintaining software code for supporting American users' digital wallets, and at the same time, they also work around engines that coordinate transactions.

In informed people, in early August, when the $ 150 million financing transaction with 12 US investors was about to be completed, Brooks and Zhao Changpeng had a conflict on the issues of new directors. Essence

Thenexes that some of them said that Brooks believes that the lead investors should automatically obtain a board seat, and the board of directors will choose an independent director, but Zhao Changpeng hopes that he can master himself Directors' appointment. In addition, according to people familiar with the matter, Zhao Changpeng also avoided the management of the code away from Shanghai.

Brooks left on August 6. According to those who are familiar with his departure, some employees of the legal and compliance teams then left the company.

-spokesman Jung, a spokesman for Binance, said Binance's technology and data are not in China. Binance.us spokesman Miller said, "The personal identity information of all American customers is stored on the Amazon Web Services platform in Rissean, Virginia."

Miller also said, "Binance.us's managers control the company's direction, company assets, and user accounts and data supervision." He pointed out that Binance.us employees are all over the world.

Mi La said that Binance.us is financing through other channels. It plans to introduce two new investors in the board of directors. New members will prepare the first public offering of the United States (IPO) in the company (IPO) in the United States (IPO) In the process, provide more supervision. Zhao Changpeng said that he hoped Binance.us would be listed by the end of 2024.

Although Binance has encountered trouble in the regulatory field, this still cannot prevent its development. According to data suppliers, Binance's spot transaction volume in September increased by 10%over the previous month, and its monthly spot transaction volume has reached the list for 15 consecutive months.
The Zhao Changpeng said that he hoped that Binance would grow at a gentle speed. He said, "We hope other exchanges can grow a little bit, so that we can share the pressure of user pressure with us."

The most crazy year of cryptocurrency in 2021
n n n n n n n R n
Bitcoin is close to $ 70,000, the "pet currency" memecoin is worth billions of dollars, a sensation on Wall Street, and China's comprehensive blow: 2021 is the craziest of cryptocurrencies so far so far. One year, even if the industry's fluctuation standards are measured.

The beginning of 2021, large and small investors poured into digital assets. Since then, cryptocurrencies such as Bitcoin have been the focus of attention, and the language of cryptocurrencies has also taken root in investors' dictionaries.

The following is some major trends that dominate cryptocurrencies this year.

1/Bitcoin: Still the first

The challenger followed.

Bitcoin has soared by more than 120%from January 1, setting a record of nearly $ 65,000 in mid -April. The cash tsunami set off by institutional investors, the acceptance of large companies such as Tesla and Mastercard is getting higher and higher, and Wall Street Banks are becoming more and more favored and promoted the rise of Bitcoin.

The stimulating investor interest is the so-called anti-inflation characteristics of Bitcoin-its supply has an upper limit. The recorded economic stimulus plan has promoted Bitcoin prices. In the case of low interest rates, the hope of rapid profitability, and the easier to get Bitcoin through the rapidly developing infrastructure, and also help to attract buyers.

Coinbase Global, the US cryptocurrency trading platform, was listed in April. The listing valuation on the first day reached 86 billion US dollars, which is by far the listing transaction of cryptocurrency companies. It is accepted by the symbol of Bitcoin.

"It has successfully entered the sight of public debt and stock investors," said the Richard Galvin of the cryptocurrency fund Digital Capital Asset.

However, Bitcoin is still turbulent. It fell 35%in May, and then soared to a record high of $ 69,000 in November because inflation in Europe and the United States rose sharply.

The famous suspects still exist. Jamie Dimon, CEO of JP Morgan Chase, said it was "worthless".

2/almed coin's rise

as are the first choice for investors to get involved in cryptocurrencies, but there is also a large number of new generations Coins enter the field, and some people will call it a joke.

In Dogecoin and Shiba Inu to the squid game tokens. No practical use.

The dog coins were launched as a Bitcoin derivative in 2013. It surged more than 12,000%in May, reaching the highest historical point, and then fell nearly 80%in mid -December. Shiba Inu coins once ranked among the top ten digital currencies.
This coin phenomenon is related to the "Wall Street betting" campaign. retail traders are connected online, pouring in stocks such as GameStop, and squeezing the empty warehouse of hedge funds.

Due to the idle funds in their hands during the epidemic prevention blockade, many traders turned to cryptocurrencies, even though the regulators warned to volatility.

"This is completely related to the migration of finance," said Joseph Edwards, an ENIGMA research director of cryptocurrency broker.

"Although it is full of speculative meaning like dog coins and Shiba Inu coins, the funds invested in these currencies are because of" why I shouldn't make money with money and make money with savings' '' Intuition. "
: The rise of the coin
The red line represents the Shiba Inu currency blue line represents dog coins
3/Supervisory: a large shadow in the cryptocurrency market

As the capital flows to cryptocurrencies, the regulatory agency believes that it may be used for money laundering and pose a threat to global financial stability, so they are worried.

. The regulatory agency has long been skeptical of cryptocurrencies and requires more authority to the industry. Some institutions call on consumers to be vigilant about the violent fluctuations of cryptocurrencies.

The when the new rules are about to be introduced, the cryptocurrency market is disturbed by risks that may be suppressed.

When the Chinese government has limited cryptocurrencies in May, Bitcoin plummeted nearly 50 %, dragging down the overall cryptocurrency market.

"The regulatory risk is the top priority, because these regulations determine the life and death of financial service practitioners," said Stephen Kelso, the global market director of the ITI Capital market. "The regulatory agency has made great progress, and they are catching up."

4/nft
r
A member of a member who had not been concerned in the encrypted asset family also seized the limelight.

2021 is a year when the non -homogeneous Hi currency (NFT) explosion. NFT is a password string stored on the blockchain digital classification, which can represent the only ownership of art, videos and even tweets.
March this year, American artist Beeple sold a digital art work at the Christie's auction for nearly $ 70 million, becoming one of the three most expensive auction works sold by the artist.

This auction indicates that NFT will come with a chase.

The sales of the third quarter reached 10.7 billion US dollars, more than eight times in the previous quarter. As the transaction volume reached its peak in August, the price of some NFT rose rapidly, allowing speculators to double the profit in just a few days or even a few hours.

It John Egan, the CEO of the Bank of France's research company L'Atelier, said that the popularity of cryptocurrencies and NFT may also be related to the decline in social liquidity. Young people enter this market. Fasting to get rich, because the price of traditional assets such as houses has soared, it has been expected to be unavoidable.
Although some world -class top brands have been on sale from Coca -Cola to Burberry, the regulatory rules have not yet meant that large investors will basically not touch NFT.

"I think that in the next three years, there will be no financial institutions with licenses in the next three years.

FIG.: NFT Online Trading Platform Opensea's sales (unit is $ 1 billion)

1 thought on “guess jewelry wholesale Chinese richest man Zhao Changpeng: Born in Lianyungang, Shanghai is now a funeral dog in the world”

Samantha
November 23, 2022 at 7:33 am

wholesale jewelry making supplies in bulk uk Work Report of 2021
It people think that he is a liar devil, and some people think he is the god of wealth representing the future. He is born in Lianyungang, in Shanghai.

The people named settled in Turkey said that the Turkish young generation of daily mobile phones were equipped with Zhao Changpeng's Binance. The other says that Zhao Changpeng, a dead dog, is the richest man who cuts the leeks of Chinese people. The first is a scammer and MLM.

At the New Year's Eve conference just passed, Zhao Changpeng's Binance issue was reported to make Zhao Lianye's escape from the media in China, and now the biggest mistake is to buy This bitcoin is virtual currency.

The era of the universe and virtual currency

n On September 24, 2021, the People's Bank of China and the Central Network Information Office and other ten departments jointly released The "Notice on Further Preventing and Disposing the Risks of the hype of virtual currency transactions" clearly states that virtual currency -related business activities are illegal financial activities. Overseas virtual currency exchanges provide services to residents in my country through the Internet that are also illegal financial activities.

Since the end of last year, with the rise of the concepts of the Yuan universe, the management of virtual society in the future has been followed again. "An important platform for social interaction", in fact, although many countries, including China, are prohibited from virtual currency transactions, token or digital currencies are difficult to bypass the allocation of virtual society throughout the future.

of course, the Yuan universe was still very early. In the Chinese capital market, the Yuan universe analyst has built the Chinese Yuan universe long ago. The previous virtual person became a Yuan universe company, and only shareholders believed (everyone knows that this is at least deceived). In fact, under China's regulatory background, it may now encourage development to establish digital twins, VR education, virtual tourism and other projects such as VR and other technologies, and other tokens will be prohibited. A company has a virtual avatar and a company with a virtual anchor, which is purely cheating.

However, in the face of the future, it is also necessary to pay attention to these things.

The Chinese richest man of the Chinese richest man of the devil virtual currency exchange

Like ghost charm.

has no license on this exchange, no entity ... except for just reporting that Canada may allow it as a exchange, the world does not recognize it.

A as the fastest growing major financial exchange in the world has neither headquarters nor formal address. In a country that develops business, it has not received licenses. Recently, its CEO even avoided the problems of their place of residence.

The central banks including China and government agencies are prohibited from virtual currency transactions, and the US Department of Justice is investigating. However, Binance is already a trading platform giant in the field of digital currency. It is equivalent to the sum of the cryptocurrency version of the London Stock Exchange, the New York Stock Exchange and the Hong Kong Exchange. Data vendors' data shows that the transaction volume of cryptocurrencies such as Bitcoin and Ethereum that Bitcoin and Ethereum reached 76 billion US dollars per day, which is more than the four largest competitors in its four.
In the magazine of "Finance", Zhao Changpeng, the founder of Binance, reached 90 billion US dollars (equivalent to 573.3 billion yuan), surpassing the 424.4 billion yuan of Nongfu Spring Chairman Zhong Yan, and reached the top Chinese richest man.

This exchanges
n

There is no headquarters nor formal address. In a country that develops a business, it has not got a license. Not only that, until recently, its CEO even avoided the problems of their place of residence.

Binance, which has only been established for only four years, is now a trading platform giant in the field of digital currency. The sum of the three exchanges in Hong Kong. Data providers' data shows that after a round of rapid growth, the transaction volume of cryptocurrencies such as Bitcoin and Ethereum, such as Bitcoin, Ethereum, has reached 76 billion US dollars per day, which is more than its four largest competitors.

. However, the entire cryptocurrency industry, especially Binance, has basically been unconstrained or regulated in recent years.

The financial regulatory authorities are becoming more and more worried that the growth rate of digital assets is so fast that it has system importance now. Until recently, some people still dismissed digital assets, thinking that it was just a momentary boom. The Bank of England official Jon Cunliffe mentioned in an October speech that the crisis caused by the second mortgage loan in 2008 was mentioned in a speech in October. He said when talking about cryptocurrencies, "If the financial system, the financial system Some of them grow very fast, and the growth is basically outside the scope of supervision. At this time, the department responsible for maintaining financial stability must be vigilant. " Objects of attention with regulatory authorities. In recent months, regulators of more than ten countries have issued warnings to Binance users, reminding them that the exchange has not yet registered, and has not obtained qualifications when providing various services.

In former Binance executives, The AND Exchange (SEC) is investigating the U.S. business model of Binance. To the business license. A coin executive said that the SEC requires the US company to provide an information list, including explaining the relationship between its US business and global business. According to a former executive of the company, the US Department of Justice is investigating whether Binance is involved in money laundering. Bloomberg News has previously reported that the U.S. Department of Justice investigated the Binance.

For this cryptocurrency exchange, the US market can be described as a "big test". It has signaled that it is hoped that American subsidiaries can be listed in the next few years. Binance hired a person who worked in the financial regulatory agency to build its US business Binance.us, but this person had left in August and was only three months before he took office.

It some former executives of the company said that they are worried that the data of Binance is controlled in the hands of the company's programmer. They said that this may have a problem similar to TIKTOK -because the Chinese government is concerned about the user data of TIKTOK (the company denies it), the Trump administration has tried to "block" the social media platform.

The founder and CEO Zhao Changpeng said in an interview that Binance needs to follow the requirements of the regulatory agency. He said that the company needs to get a formal license.

"We have developed a very legal business." He said that the reason why business growth is rapid because the company has received user trust. But "If you look at the people who use cryptocurrencies all over the world, it may not be 2%of the global population." Zhao Changpeng said, "To attract 98%of the people, we need to accept supervision."

The Zhao Changpeng also said that Binance is setting up an office and a company headquarters. Before, he thought it was an old -fashioned approach, but the regulatory agency had this requirement. He was unwilling to disclose the office and headquarters. In August this year, Binance stated on his website that in order to prevent people from using Binance to transfer funds illegally, it has listed user identity verification as a compulsory requirement.

The representatives of Binance.us, the US business of Binance and its US business, refused to investigate and comment on the SEC and the Ministry of Justice. The two companies said that they were two separate entities. The Binance spokesman Jessica Jung said, "We will cooperate with the work of regulatory agencies in various countries, and we will also seriously treat our compliance obligations." She also said, "With the development of Binance, cryptocurrency transactions and supervision will also develop. The same is true. "

Binance.us spokesman Matthew Miller said," We have taken strong protection measures to ensure that they are only satisfied with users It can only be obtained when the demand, improvement of service quality, or the requirements of the regulatory authorities can only be obtained. "He also pointed out that all American users' data are stored on servers in the United States.

Since Binance does not have a fixed office place, the regulatory agency is confused because they do not know who the jurisdiction of Binance belongs to. Binance Holdings LTD., Binance Holdings LTD., is registered on the Cayman Islands. However, according to the financial regulators of the Cayman Islands, the clauses of Binance's registration were not allowed to operate cryptocurrency exchanges in the country. Binance spokesman Jung said the company did not operate the exchange.

But before September, the Australian website of Binance has always shown that Binance Holdings is an entity for Australian users to provide cryptocurrency trading services. Jung pointed out that this "is just a error."
The Zhao Changpeng said that Binance has 3,000 employees worldwide. According to the former Binance executives, according to the company's hand -of -hand transaction volume and the handling fees it charged, insiders of the company believe that if Binance is listed, its market value will be as high as US $ 300 billion.

The is really the case, Zhao Changpeng will become extremely rich. He said he was the largest shareholder of Binance.

Zhao Changpeng is a star of the cryptocurrency industry. He has 3.9 million fans on Twitter. The more well -known name is CZ, that is, the first letter of his name. According to the Binance spokesman Jung, the company's responsible persons in charge of safety work have told Zhao Changpeng and other executives that if someone asks their place of residence and refuse to answer.

. She said that recently, Zhao Changpeng has not covered her whereabouts. In the past two years, he stayed in Singapore. According to a person who knows Zhao Changpeng, he often rides a electric scooter to meet.

Zhao Changpeng, 44, was born in China. He said that he moved to Canada with his parents at the age of 12. After learning a computer for a while, he worked in several financial companies in Tokyo and New York, including Bloomberg LP. At that time, his job was to develop futures trading software.

. He said that the first time he heard that Bitcoin was a card in Shanghai in 2013. At that time, the digital currency "cast" by the computer program had appeared for several years. Although they do not have government recognition like fiat currency, they still attract a group of people who are proficient in computer technology, including those who no longer have fantasies about financial systems after the financial crisis in 2008.

At that time, such currencies were very complicated. Not only do you have a few trading platforms, but the price fluctuations are also extremely violent. In addition, after MT. GOX and other exchanges were attacked by hackers, they also hit people's confidence.

Zhao Changpeng was attracted to the decentralized currency concept. This currency can be used anywhere, and there is no need to go through banks or experience in various cuscons. In the interview, he said, "We can use this technology to enhance the freedom of funds from people all over the world."

t I went to a few more cryptocurrency startups. In 2017, he and a programmer team founded Binance.

At first, Binance's business was mainly concentrated in the transactions of Bitcoin and other digital currencies, but users were not allowed to exchange digital currencies into mainstream currencies. Zhao Changpeng said that when the company was just established, it did not need a bank account or headquarters.

Binance added nine languages on the website to stand out among competitors who only provide English services. Some traders say that the platform developed by Binance is also very useful.

In July 2017, Binance first issued its own digital currency and coin (BNB), which raised $ 15 million at the time. It introduced its own business in the 2017 release instructions and pointed out that most other investors are Chinese personal investors.

coin -security has attracted users from all over the world, including some countries with underdeveloped financial systems, such as South Africa, Russia and India. It took only six months to become the world's largest cryptocurrency exchange, but soon, it encountered trouble at the regulatory agency. In the summer of 2017, Binance just started to spread its business in Shanghai. Two months later, the Chinese government issued a ban on cryptocurrency exchanges. It was worried that such exchanges would be used to transfer funds to foreign countries illegally.
The Zhao Changpeng recalled at a online science and technology conference that later a 30 -person Binance team left China and arrived in Japan. In 2018, the Japanese financial regulatory agency also issued a warning to Coin An, reminding it that it could not provide trading services to the public without getting a business license.

Since then, Binance no longer announces specific office sites. Zhao Changpeng said that the company's employees are distributed around the world and they are working remotely at home.

The lawyer Aija Lejniece, a resident lawyer in Paris, said, "Binance seems to be everywhere, but it seems that there is no trace." In May, because the trading website of Binance was frozen for more than an hour, they lost their funds. At present, they are trying to recover the money. Lenisian is a lawyer representing these people. Binance refused to comment on this, but it previously stated that it had immediately taken measures to communicate with users affected by the fault, and also provided compensation for "users who suffered actual transactions".

. With more and more digital currencies developed by cryptocurrency enthusiasts, currencies available on the Binance platform surpassed many peers. Among them are both Fan Token of the European Football Club and Dogecoin, which are highly sought after by investors earlier this year.

Binance is different from the stock exchange, and the latter must be approved by the supervision of each jurisdiction, and Binance's business is all concentrated on a trading platform -Binance. It claims to be He did not set up headquarters in any country. In 2019, the following year when the Japanese regulatory agency issued warnings to Binan, the data collected by the research company The Block showed that there is still a user traffic from Japan on the Binance platform. The Binance spokesman Jung refused to comment on the matter.

Cin -Ang'an began to provide derivatives related to cryptocurrency. With a deposit of 80 cents, users can trade equivalent to $ 100 or other digital currencies. Later, Binance restricted such derivatives.

In 2019, Binance began to allow users to exchange cryptocurrencies into traditional currencies such as dollars, thereby connecting themselves into the banking system.

Peng -security managers said that the company will pay some YouTube Internet celebrities and let them make videos to tell people how to get started. A foreign team also signed a contract with a day trader in the Middle East and Africa markets, who managed small -scale groups on Facebook and other social networks.
In the company, Binance will also let the team compete with each other and make the best growth strategy win. "We encourage internal competition." Zhao Changpeng said.

Binance has also been favored by American users, but it turns out that it is not easy to keep the dominant position in the US market. In April 2019, a document released by the SEC outlined a set of tests to determine which digital assets may be regarded as securities regulated. Zhao Changpeng guided the American user to Binance.us. The latter provided relatively few types of cryptocurrency transactions and did not involve derivatives.

According to a former Binance executive, at the end of 2020, SEC asked Binance.us to provide detailed business information, including who is controlling the user's digital wallet, the storage of cryptocurrencies, the storage of cryptocurrencies And the details of the agreement between Binance.us and the parent company Binance Holdings.

In May 2021, Binance.us hired Brian Brooks as CEO. The Director of the Agents of the Currency, who has also held management positions in the Binance competitors Coinbase Global Inc..

After taking office, Brooks began to raise funds from American investors. This will introduce independent members in the board of directors, and then weaken Zhao Changpeng's control. According to some former executives, Zhao Changpeng currently holds most of Binance.us's equity.

. They said that Brooks also wanted to control the software that moved out of China from China in the United States. The electronic information seen by The Wall Street Journal shows that one month before Brooks took office, the employees of Binance.us had to help Shanghai colleagues to solve the software problems encountered by some American accounts. According to the former executives, until this summer, Shanghai developers are still maintaining software code for supporting American users' digital wallets, and at the same time, they also work around engines that coordinate transactions.

In informed people, in early August, when the $ 150 million financing transaction with 12 US investors was about to be completed, Brooks and Zhao Changpeng had a conflict on the issues of new directors. Essence

Thenexes that some of them said that Brooks believes that the lead investors should automatically obtain a board seat, and the board of directors will choose an independent director, but Zhao Changpeng hopes that he can master himself Directors' appointment. In addition, according to people familiar with the matter, Zhao Changpeng also avoided the management of the code away from Shanghai.

Brooks left on August 6. According to those who are familiar with his departure, some employees of the legal and compliance teams then left the company.

-spokesman Jung, a spokesman for Binance, said Binance's technology and data are not in China. Binance.us spokesman Miller said, "The personal identity information of all American customers is stored on the Amazon Web Services platform in Rissean, Virginia."

Miller also said, "Binance.us's managers control the company's direction, company assets, and user accounts and data supervision." He pointed out that Binance.us employees are all over the world.

Mi La said that Binance.us is financing through other channels. It plans to introduce two new investors in the board of directors. New members will prepare the first public offering of the United States (IPO) in the company (IPO) in the United States (IPO) In the process, provide more supervision. Zhao Changpeng said that he hoped Binance.us would be listed by the end of 2024.

Although Binance has encountered trouble in the regulatory field, this still cannot prevent its development. According to data suppliers, Binance's spot transaction volume in September increased by 10%over the previous month, and its monthly spot transaction volume has reached the list for 15 consecutive months.
The Zhao Changpeng said that he hoped that Binance would grow at a gentle speed. He said, "We hope other exchanges can grow a little bit, so that we can share the pressure of user pressure with us."

The most crazy year of cryptocurrency in 2021
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Bitcoin is close to $ 70,000, the "pet currency" memecoin is worth billions of dollars, a sensation on Wall Street, and China's comprehensive blow: 2021 is the craziest of cryptocurrencies so far so far. One year, even if the industry's fluctuation standards are measured.

The beginning of 2021, large and small investors poured into digital assets. Since then, cryptocurrencies such as Bitcoin have been the focus of attention, and the language of cryptocurrencies has also taken root in investors' dictionaries.

The following is some major trends that dominate cryptocurrencies this year.

1/Bitcoin: Still the first

The challenger followed.

Bitcoin has soared by more than 120%from January 1, setting a record of nearly $ 65,000 in mid -April. The cash tsunami set off by institutional investors, the acceptance of large companies such as Tesla and Mastercard is getting higher and higher, and Wall Street Banks are becoming more and more favored and promoted the rise of Bitcoin.

The stimulating investor interest is the so-called anti-inflation characteristics of Bitcoin-its supply has an upper limit. The recorded economic stimulus plan has promoted Bitcoin prices. In the case of low interest rates, the hope of rapid profitability, and the easier to get Bitcoin through the rapidly developing infrastructure, and also help to attract buyers.

Coinbase Global, the US cryptocurrency trading platform, was listed in April. The listing valuation on the first day reached 86 billion US dollars, which is by far the listing transaction of cryptocurrency companies. It is accepted by the symbol of Bitcoin.

"It has successfully entered the sight of public debt and stock investors," said the Richard Galvin of the cryptocurrency fund Digital Capital Asset.

However, Bitcoin is still turbulent. It fell 35%in May, and then soared to a record high of $ 69,000 in November because inflation in Europe and the United States rose sharply.

The famous suspects still exist. Jamie Dimon, CEO of JP Morgan Chase, said it was "worthless".

2/almed coin's rise

as are the first choice for investors to get involved in cryptocurrencies, but there is also a large number of new generations Coins enter the field, and some people will call it a joke.

In Dogecoin and Shiba Inu to the squid game tokens. No practical use.

The dog coins were launched as a Bitcoin derivative in 2013. It surged more than 12,000%in May, reaching the highest historical point, and then fell nearly 80%in mid -December. Shiba Inu coins once ranked among the top ten digital currencies.
This coin phenomenon is related to the "Wall Street betting" campaign. retail traders are connected online, pouring in stocks such as GameStop, and squeezing the empty warehouse of hedge funds.

Due to the idle funds in their hands during the epidemic prevention blockade, many traders turned to cryptocurrencies, even though the regulators warned to volatility.

"This is completely related to the migration of finance," said Joseph Edwards, an ENIGMA research director of cryptocurrency broker.

"Although it is full of speculative meaning like dog coins and Shiba Inu coins, the funds invested in these currencies are because of" why I shouldn't make money with money and make money with savings' '' Intuition. "
: The rise of the coin
The red line represents the Shiba Inu currency blue line represents dog coins
3/Supervisory: a large shadow in the cryptocurrency market

As the capital flows to cryptocurrencies, the regulatory agency believes that it may be used for money laundering and pose a threat to global financial stability, so they are worried.

. The regulatory agency has long been skeptical of cryptocurrencies and requires more authority to the industry. Some institutions call on consumers to be vigilant about the violent fluctuations of cryptocurrencies.

The when the new rules are about to be introduced, the cryptocurrency market is disturbed by risks that may be suppressed.

When the Chinese government has limited cryptocurrencies in May, Bitcoin plummeted nearly 50 %, dragging down the overall cryptocurrency market.

"The regulatory risk is the top priority, because these regulations determine the life and death of financial service practitioners," said Stephen Kelso, the global market director of the ITI Capital market. "The regulatory agency has made great progress, and they are catching up."

4/nft
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A member of a member who had not been concerned in the encrypted asset family also seized the limelight.

2021 is a year when the non -homogeneous Hi currency (NFT) explosion. NFT is a password string stored on the blockchain digital classification, which can represent the only ownership of art, videos and even tweets.
March this year, American artist Beeple sold a digital art work at the Christie's auction for nearly $ 70 million, becoming one of the three most expensive auction works sold by the artist.

This auction indicates that NFT will come with a chase.

The sales of the third quarter reached 10.7 billion US dollars, more than eight times in the previous quarter. As the transaction volume reached its peak in August, the price of some NFT rose rapidly, allowing speculators to double the profit in just a few days or even a few hours.

It John Egan, the CEO of the Bank of France's research company L'Atelier, said that the popularity of cryptocurrencies and NFT may also be related to the decline in social liquidity. Young people enter this market. Fasting to get rich, because the price of traditional assets such as houses has soared, it has been expected to be unavoidable.
Although some world -class top brands have been on sale from Coca -Cola to Burberry, the regulatory rules have not yet meant that large investors will basically not touch NFT.

"I think that in the next three years, there will be no financial institutions with licenses in the next three years.

FIG.: NFT Online Trading Platform Opensea's sales (unit is $ 1 billion)

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