Binance CEO: Financial Alert Reports Do Not Reflect the Truth

Zhao Changpeng, CEO of Binance, the world’s largest stock exchange in terms of instant trading volume, responded to allegations that he was warned by financial regulators in Japan.

According to the report published by Nikkei, Financial He announced that the Service Agency (FSA) may be halted due to the fact that Binance company is not registered with regulators. The content of the report; It was mentioned that the FSA could file charges with the authorities if the Binance company does not complete its mandatory registration. It was also claimed that this situation poses a risk for Binance users.

Although there is no official statement by the FSA yet, the report aims to create a more reliable cryptocurrency market by eliminating unregistered exchanges.

Binance CEO Denies Allegations

After these allegations, Binance CEO stated that they have been meeting with the regulator since the allegations were made and made the following statement on his official Twitter account:

Nikkei is an irresponsible exemplified journalism. Our dialogues with the FSA are good and we have not yet received a sanction order. The fact that the FSA shared the situation with the newspapers before telling us does not reflect the truth.

Bitcoin is trading around $8500, down around $500 after this event.

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