Binance CEO Richard Teng: We are considering setting up Binance headquarters! Communicate fully with Nigeria

This site (120bTC.coM): New Binance CEO Richard Teng revealed during talks at Paris Blockchain Week that Binance is considering several jurisdictions for As its headquarters; it will focus on negotiating with various countries on product portfolio, regulatory supervision and taxation.

Richard Teng: is considering setting up a Binance headquarters

Richard Teng said at the Paris Blockchain Week Summit from April 9 to 11 that he is working with several jurisdictions on the headquarters The choice has been discussed, but no decision has been made: it is not just about picking a country, there are many considerations behind it. We are currently in conversations with multiple jurisdictions on this and several are under consideration.

And added, “The thinking behind corporate governance also needs to consider multiple factors, including in which regions Binance’s products have greater value? Which jurisdictions’ legal frameworks are most consistent with our services? And applications? And tax agreements involving operating costs, etc.”

Binance has always been faced with the lack of a headquarters and has frequently become one of the objects of concern to law enforcement agencies in various countries. Former CEO Changpeng Zhao (CZ) has also Often avoided talking about headquarters issues; until 2022, it publicly compromised: In order to give regulators a complete structure, Binance will establish physical offices and obtain licenses in various places, while many engineers and customer service staff can still work remotely to simultaneously Meet the concept of decentralization and the requirements of regulators.

Richard Teng previously said: There is no need to release headquarters information

However, Richard Teng previously avoided the issue of headquarters in an exclusive interview with Financial Times and refused to disclose the company’s location and related information: Do we need to share this information publicly? Why do you feel you deserve these answers?

Regulatory consistency still has a long way to go

In addition, Richard Teng also emphasized the importance of cooperation between exchanges and regulatory agencies, pointing out that countries around the world have strict regulations on cryptocurrencies. Regulations are mostly inconsistent and even conflict with each other: this is one of the main challenges that the encryption industry will continue to face. It will take a long time for us to see global unification of standards.

Talk about the current situation in Nigeria: During active communication

talked about the detention of Binance executive Tigran Gambaryan in Nigeria on suspicion of tax evasion. Richard Teng seriously stated: Binance is actively communicating Cooperate and negotiate with the country’s government to ensure its smooth return to Binance.

According to local media reports, Gambaryan pleaded not guilty to all four money laundering charges during the court session yesterday, claiming that he was not responsible for Binance’s activities in Nigeria and had no decision-making power over the company’s business operations. The argument was rejected by Judge Emeka Nwite: Gambaryan had conducted business activities in Nigeria “on behalf of Binance” and was therefore able to carry out legal proceedings in accordance with the law.

It is reported that the bail hearing in this case has been postponed to April 18.

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