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Binance to open headquarters in Ireland

Binance cryptocurrency exchange CEO Changpeng Zhao announced that the company will open several headquarters and one of them will be located in Ireland.

According to a Reuters publication, Binance CEO Changpeng Zhao said Ireland is featured in the company’s plans to establish multiple headquarters around the world.

This year, the exchange faced pressure from the authorities – regulators of several large jurisdictions, including the UK, Hong Kong, Japan and Singapore, issued warnings regarding the company’s operations.

This led to the exchange first tightening customer verification requirements, and then talking about plans to reorganize the company to establish relationships with regulators.

Zhao said last month that the exchange needed a centralized organization to dialogue with regulators. In addition, Binance registered three firms in Ireland in September, as evidenced by corporate registry documents.

“We have always maintained that we have no headquarters. But now we are in the process of opening several headquarters in different parts of the world, ”said Changpeng Zhao.

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