Binance has offices dotted all over the world, and a policy that forbids staff from talking about them.
The company said at the time that remote work has been the reality for “most of its journey.”because it is a “decentralized” organization. It’s a feature of the business — and indeed of other crypto outfits — that can make things tricky for regulators.
But Binance also has offices in markets in which it is less in favor with local regulators, including in the UK where staff have access to an office within a shared workspace in Central London, according to people familiar with the matter. That’s despite the fact that Binance Markets Limited, its local entity,A spokesperson for Binance said that the company is not domiciled in the UK and clarified that the platform is only available to UK consumers “on a 'reverse solicitation' basis.
“Ensuring that our colleagues’ personal safety is not compromised is of paramount importance to Binance,” they added.That chimes with what one of the people familiar with the policy told The Block — that security was the main driver and that Binance was especially conscious of this after dealing with “lunatics” and angry investors in the past.
Of Binance’s thousands of staff, fully a quarter are based near the company’s regional hubs in Paris and Dubai, or in a satellite office within a jurisdiction in which Binance holds licenses or registrations, according to its spokesperson.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Research: Institutional Custody in Crypto – Key Insights and Enterprise Solutions | Binance BlogHaving secure custody of your crypto is essential. This is particularly true for institutional investors who often hold and trade large amounts. Read below to find BinanceResearch’s analysis on some of the best custody options for institutions 👇
Read more »
Binance Earn Dual Investment: Cross Crypto Pairs Launch | Binance BlogWe’ve now added Cross Crypto Dual Investment pairs to Binance Earn. This includes: 🔸 ETH/BTC 🔸 BNB/ETH 🔸 BNB/BTC These allow you to earn rewards and swap with zero trading fees! Find all the details here ⤵️
Read more »
Binance Build – June 13, 2023 | Binance BlogOur newest BinanceBuild blog is here! Keep track of all things Binance, including: 🔸 Binance Tax 🔸 Binance Lite's new Feed and Service tabs 🔸 An overview of all trading fee promotions And more ⤵️
Read more »
Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNBBinance CEO cz_binance has denied rumors suggesting Binance has been selling Bitcoin to prop up the price of Binance Coin (BNB).
Read more »
Why is inflation cooling — and why isn't it coming down more | CNN BusinessAhead of May’s closely watched Consumer Price Index, set to be released Tuesday morning, economists are expecting yet another month of smaller price increases.
Read more »
Former SEC Official: Binance Gearing Up for Criminal ProsecutionBinance, the world's premier cryptocurrency exchange, and its CEO, Changpeng Zhao, have enlisted the help of a high-profile lawyer, seemingly in anticipation of a criminal lawsuit
Read more »