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Binance founder Changpeng “CZ” Zhao told TechCrunch last year that the firm wasn’t keen on expanding in India because the South Asian market hadn’t created a crypto-friendly environment.
Source: https://techcrunch.com/2023/12/28/india-government-agency-seeks-to-block-binance-and-kraken/
Center of attention CEO: Changpeng Zhao (a.k.a. CZ), shown here at a Binance fifth anniversary event in Paris, has become crypto’s most visible global advocate.
Source: https://fortune.com/2023/03/28/binance-cftc-lawsuit-bnb-coin-social-media-influencers/
Its chairman, Changpeng “CZ” Zhou, also pleaded guilty and agreed to a $50-million fine; he may yet face a prison sentence.
The defendants are Binance’s U.S. affiliate, Binance’s three principal international entities, CZ himself, and three influencers.
They were Czechoslovak Group, Colt CZ Group, Omnipol and STV GROUP, the official said.
US's options to grow are limited so long as Binance co-founder Changpeng "CZ" Zhao has a formal connection to the business, according to sources familiar with a company all-hands this week.