Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash.
The world’s largest cryptocurrency exchange is under pressure following numerous notices, bans, and even a criminal investigation at the hands of Thailand’s Securities and Exchange Commission.
The fallout has seen payment processing partners jump ship, leaving users unable to ramp. Hedge funds have also sought to distance themselves by decreasing their exposure to the group.
But in a bid to appease regulators, the crypto exchange is taking decisive action to stem the damage.
Binance aims for complete regulatory compliance
Things came to a head during May’s crypto crash as market panic led to system failures, including users being locked out and “defective derivatives products” triggering unfair losses.
A major bone of contention lies in Binance having no physical headquarters. Meaning disgruntled users have no method of formally filing paperwork again

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Źródło: https://cryptoslate.com/binance-looking-to-setup-physical-headquarters-following-regulatory-backlash/