![]() ![]() The Binance CEO said he saw the irony in being “forced to leave China” once again, 30 years after leaving the country with his family in 1989. In September 2017, the Chinese government issued a ruling stating that crypto exchanges were not allowed to operate in China. However, Zhao took a few people from Bijie Tech to set up Binance on 14 July 2017. Then in 2017, China shut down all exchanges, and Bijie Tech shut down as well. Two years before setting up Binance, he started a company called Bijie Tech, which provided exchange-as-a-service platforms to other exchanges. He returned to China in 2005 to launch an IT start-up together with five other expats.īetween 20, Zhao tried to set up several different start-up projects before entering the crypto space. ![]() He said: “I am a Canadian citizen, period.” Zhao then grew up in Vancouver and went to McGill University in Montreal. When Zhao was 12, he and his entire family left China, two months after the 1989 Tiananmen Square protests.Īlthough it usually takes seven years to obtain a passport and a Canadian visa, the Canadian embassy fast-tracked visas at that time. This is obviously not true.” Left China at 12 We are an easy target for special interests, media, and even policymakers that hate our industry. Zhao said: “The inference is that because we have ethnically Chinese employees, and perhaps because I am ethnically Chinese, we are secretly in the pocket of the Chinese government. It would be impossible for Binance to be a Chinese company at present, he said, as Binance and every other crypto exchange “have been designated a criminal entity in China.” ![]() We don’t have any legal entities in China, and we do not have plans to.”Īdditionally, the company does not operate like a “Chinese company culturally”, Zhao said, adding: “I believe it’s critical today that we come forward with these facts.” Via a blog post, the crypto exchange’s CEO said: “Binance was never incorporated in China. Changpeng Zhao, founder and CEO of Binance, the world’s largest cryptocurrency exchange by trading volume has firmly stated that Binance is not a Chinese company. ![]()
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