Binance to Open Beijing Office Amid China’s Renewed Blockchain Push

[clickerz]

It makes complete business sense for them to open office in China, we all know how China operates and if the people bought into what the president says then it is a new big market. I would expect more exchanges to follow suit because  they won't want to miss out of the new opportunity

Yes, when China announces its support in blockchain technology and wants to accelerate the development, it opens more opportunities to more investors and developers including exchanges. CZ's move to open Binancein China is timely and open a great opportunity to traders and cryptocurrency in general.

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[JeffBrad12]

It makes complete business sense for them to open office in China, we all know how China operates and if the people bought into what the president says then it is a new big market. I would expect more exchanges to follow suit because  they won't want to miss out of the new opportunity

Yes, when China announces its support in blockchain technology and wants to accelerate the development, it opens more opportunities to more investors and developers including exchanges. CZ's move to open Binancein China is timely and open a great opportunity to traders and cryptocurrency in general.

Im pretty sure that CZ somehow has understood the situation there to take risk off opening up a new office in Beijing its not like he just build the office there without any understanding. Whether it will be benificial for binance or not is up to china decision in the future and it seems that binance will only follow the flow. But if chinna is really trying to bring adoption to blockchain it might greatly benefit binance so thats why he tries to gain market share there just in case.

[1Referee]

We all know that there are a lot of Chinese billionaires and I'm sure the bitcoin or at least crypto in general is on their radar to expand their wealth, so this is a win-win situation for the Chinese government, Binance and Chinese people themselves.

I'm pretty sure that if native billionaires in China end up taking a position in Bitcoin, they will do it through the unofficial channels. China has been extremely aggressive towards the wealthy elite when it comes to what assets they buy into, mainly for the purpose of preventing capital flight, which Bitcoin obviously is the perfect tool for.

China rather keeps limiting people's freedom and not gain anything financially than to allow decentralized protocols such as Bitcoin to gain ground.

[beerlover]

Well, they might be from CHina ( cz at least) but that is a bad thing to do. That is why China is so powerful and kills anyone that opposes them and also have concentration camps, because people are liking the cheap products and they want to work with China to make more profits.

We could all boycott apple for working with China to build their phones for example, "assembled in china" my ass, its "MADE" in china and there are people who are jumping off the roofs in those factories so much that they literally built nets around it to prevent deaths, there are people who die while building these phones.

Every single iphone out there means there are people dying because someone is willing to buy it, yet do we stop? No. We are fine with people dying some other land so we could have our shiny brand new iPhone ABC+PLUS X or whatever is the new one. So I can't really blame Binance to go where the money is.

[joinfree]

Changpeng Zhao is always trying to expand his business with the slightest opportunity. Well it all up to the profits of his company so yeah it is a good idea but i don't see how setting up an office over there can convince the government to soften up on cryptocurrencies. What the government would be interested in is the huge tax that they would be taking from them lol.

[audaciousbeing]

If there is any business that is positioning itself for opportunities, I give it to Binance the moment they see a green light in a market they go in whether the green light will crystalize or not. They ensure they position themselves in the minds of enthusiasts while continuing to ensure client satisfaction to a large extent in other areas of their business and that is what most businesses in crypto lacks. The moment they are online, they just forget about the local market where services should be tailored to the needs of certain nationals others would even prefer to bar some certain nationals because they don't want to bother themselves about the technicalities of filings with the relevant government agencies.