Binance CEO: We Don't See a Viable Business in India – Exchanges Bitcoin News

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Binance CEO: We Don't See a Viable Business in India – Exchanges Bitcoin News
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Binance's CEO says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime on crypto. bitcoin CZ

Binance CEO Changpeng Zhao says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.”The CEO of cryptocurrency exchange Binance, Changpeng Zhao , does not currently see India as a viable country to expand his crypto exchange operations.

“We just have to wait. We are in conversation with a number of industry associations and influential people and trying to put some logic there,” CZ continued.

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