The Binance CEO contradicted a Bloomberg source concerning the reduction of the company’s activities following increasing pressure from U.S. regulators.
BinanceCEO Zhao Changpeng denied reports that the company was trying to disconnect from its US partners. In recent weeks, Binance has been an increasingly stringent target for U. S. regulators.
Bloomberg quoted an unnamed source as saying that Binance Holdings is trying to disconnect from intermediaries such as banks and companies, and is re-evaluating its investment in capital use projects in the United States. Tokens for US engineering projects such as Circle's USDC are likely to be listed, the source added.
On the same day, in response to a report about Bloomberg News, CZ wrote on Twitter: "4. "fake" obviously refers to her New year's article "what not to do", and the fourth item on the list is "ignoring FUD, fake news, attack, etc."
"people have temporarily withdrawn some hidden project investments or bids for bankrupt companies in the United States," CZ said in another tweet.
CZ said on Twitter on Feb. 13 that Binance will verify jurisdiction projects, which are subject to constant uncertainty over strict regulation.] To protect our own customers from all unnecessary damage. Binance Holdings does not offer services to users in the United States, who are recommended to a separate Binance.US.
Both Binance and Binanc.US are key to recent investigations by US regulators. It is reported that the Securities and Exchange Commission is dealing with the relationship between trading companies with direct links between Binance.US and CZ.
On February 8th Binance, rather than Binance.US, stopped dollar bank transfers without statement, but the move hinted at credit problems. On Feb. 13, after it was reported that the SEC was about to file a lawsuit over such coins, the New York City Financial Services Center ordered Paxos Trust to stop forging Binance stable coins linked to the dollar. In conclusion, Binance got the impact of a lot of withdrawals.
Patrick Hillman, Binance's chief strategy officer, reportedly said on Feb. 15 that the company expects U. S. regulators to punish these companies because of previous compliance problems.