Changpeng “CZ” Zhao, executive director of Binance The largest cryptocurrency exchange in the world Bought his first home in Dubai last month. to show support for the city he called “Professional in crypto”
“The government there is very advanced. And it has a very good business environment,” the Binance founder said in an interview with the Bloomberg New Economy Forum in Singapore.
“I want to show that we are committed to this place. So I bought an apartment there,” he said, but declined to disclose the price. which Changpeng Zhao had previouslygive an interviewearlier this year that he did not own any homes or cars.
Zhao, 44, went on to say: He still has a commitment to Singapore. A subsidiary in Singapore has officially applied for a license.
CZ’s choice of residence could be a clue as to the location of Binance’s headquarters, with Binance Holdings Ltd., founded in China in 2017, has yet to launch a global office anywhere. Zhao told Bloomberg’s Erik Schatzker that Binance has decided to locate its global headquarters. And it will be announced after he communicates with regulators.
“I’m not saying that here (Dubai) is definitely where we will set up our headquarters,” Zhao added. If you look at the United Arab Emirates or in France and Singapore These regions are all crypto professionals.”
Dubai is competing with Singapore. Switzerland and other countries to become a global hub by establishing a duty-free zone to support the trading of digital assets
Binance Asia is one of 70 companies awaiting a license from the Monetary Authority of Singapore, along with local authorities of Coinbase Global Inc., Hong Kong’s Huobi Technology Holdings Ltd. and South Korea’s Upbit.
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