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Binance in Talks with Sovereign Wealth Funds: FT

Exchange faces pressure from regulators and believes investments from sovereign funds would improve ‘perception and relationships’


Binance
Changpeng Zhao, CEO of Binance, speaks at a blockchain and digital innovation event in Malta in 2018. Photo: Reuters

 

Binance is in talks with sovereign wealth funds about them taking a stake in the world’s largest cryptocurrency exchange, as it seeks to buttress relationships with governments and offset aggressive regulators, its chief executive told the Financial Times.

The exchange has faced mounting pressure from regulators this year and believes investments from sovereign wealth funds would help improve its “perception and relationships” with various governments, Changpeng Zhao told the FT in an interview.

Read the full report: Financial Times
 


 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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