Binance CEO Changpeng Zhao said that his marketplace complies with US law and generally prefers to operate strictly within the legal framework.
With this statement, he commented on the accusations that the exchange allegedly uses its American branch to circumvent local laws. We will remind, the Forbes edition reported on the eve that in 2018 (before the launch of Binance US), the so-called "Taiji Document" appeared. That is a kind of presentation that the top management of the marketplace received.
Allegedly, it was about baiting investors and circumventing US laws. According to media reports, the document was created by one of the former employees of the exchange.
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In response, Changpeng Zhou denied the accusations and said that all Binance operations are carried out strictly within the framework of the law.
The platform works in close collaboration with law enforcement agencies and regulators from around the world. All necessary restrictions and regulations are observed in the American market.
The exchange currently operates in 40 US states. The CEO of Binance also stressed that such a fake document could have been created by anyone, and there is no evidence that the exchange used Taiji in its work.