HackerNoon Mobile

Better reading experience on the app
How CZ and Binance Solicited U.S. Investors while Evading Regulatory Scrutiny by@secagainsttheworld

How CZ and Binance Solicited U.S. Investors while Evading Regulatory Scrutiny

tldt arrow
EN
Read on Terminal Reader
Read this story w/o Javascript

Too Long; Didn't Read

Binance, under Zhao's control, actively courted U.S. investors, offering exchange and broker-dealer services through its platform, despite regulatory restrictions. The company implemented a secretive Tai Chi plan, including urging customers to use VPNs to bypass location-based controls, all while claiming to block U.S. users. This strategy succeeded, with U.S. customers forming a significant portion of Binance's trading volume, even in crypto asset securities.

People Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - How CZ and Binance Solicited U.S. Investors while Evading Regulatory Scrutiny
Illustrate CZ, binance's CEO via HackerNoon AI Image Generator
SEC vs. the World HackerNoon profile picture

@secagainsttheworld

SEC vs. the World


Receive Stories from @secagainsttheworld

react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!