Crypto giant Binance’s texts reveal plan to evade US authorities
Binance burst onto the crypto scene in 2017 and has become the world’s largest digital currency exchange. He quickly ran into a problem.
It operated mainly from hubs in China and then Japan, but a fifth of its customers were in the United States, where authorities announced a crackdown on unregulated offshore crypto players. Any legal action by US regulators would be like a “nuclear disaster” for Binance’s business and its executives, a Binance executive warned in a private conversation in 2019.
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