Binance CEO CZ Denies Reports of US Breakup

• Binance CEO Changpeng “CZ” Zhao has denied a report that the company is considering cutting ties with United States business partners.
• The report came from Bloomberg, citing an unnamed source saying tokens from U.S.-based projects may be delisted.
• CZ stated in a separate tweet, “We pulled back on some potential investments, or bids on bankrupt companies in the US for now.”

Binance Denies Report of Major Breakup with US Business Partners

Bloomberg Report

Bloomberg reported on Feb. 17 that Binance Holdings “is looking at whether to sever ties with intermediary firms such as banks and services firms and is reassessing venture-capital investments in the US,” citing an unnamed source. The source added that tokens from U.S.-based projects, such as Circle’s USD Coin USDC $1.00 USD Coin 0.00% MARKET CAP$41.87bVOL. 24H$5.71m USDC $5.71m , may be delisted.

CZ’s Response

On the same day, in response to a report on the Bloomberg story, CZ tweeted “4. False” in an apparent reference to his New Year’s tweet of “Do’s and Don’ts,” where the fourth item on the list was “Ignore FUD, fake news, attacks, etc.”

CZ stated in a separate tweet, “We pulled back on some potential investments, or bids on bankrupt companies in the US for now.”

Regulatory Pressure from U.S.

Binance has been the object of increasing scrutiny from U.S regulators in recent weeks.

Binance Review of Projects

On Feb 13th , CZ tweeted that Binance would be reviewing projects in jurisdictions with “ongoing regulatory uncertainty […] to ensure our users are insulated from any undue harm”.

Binace Not Serving Customers In The United States

Binance Holdings does not serve customers in the United States who are referred instead to BianceUS.