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

[jacafbiz]

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

[target]

Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing?  Chinese market is big, its going to be an opportunity outside exchanges to come in.

[alexsandria]

Maybe it will. Although China government has only one sided decision in this after all. Though may be the two could meet half-way on making their decisions because they'll be needing each other specially China. Besides the interest are already in China they are just making a safe decision with regards with their own crypto because after all they are against with Bitcoin.

[kapalmabur]

Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing?  Chinese market is big, its going to be an opportunity outside exchanges to come in.

it seems like if the exchange from the United States settled in China it would be a different story, I know Binance the CEO is Chinese,
and that gives a positive side to making the green light, the news makes the community feel happy because China is now open about crypto currencies

[smyslov]

Honestly I am really impressed with Binance commitment in bringing their flagship in different continents however we understand that governments have their different approach about cryptocurrency. Do you think Binance can influence governments decision to ease regulations and political pressure?

Possibly,  if China think that Binance can help their cause to create their own and launch it successfully, both of them have their own interest to consider, I don't think Binance can influence China, they can only support it, China is still the major player in the Cryptocurrency, Binance just want to be at the right place, when something huge happen in China.

[el kaka22]

This is more about taxes than anything else for the countries. For example, if there are countries that banned these type of stuff or make it difficult then binance would open one at the border nation instead of you and pay tons of taxes there.

If I was a government official I would honestly reach out to binance myself and I would give them some support to open an office in my nation as well, that way I could get them all settled here and then start taxing them a fair amount, not a lot, not small, just whatever is the fair tax and then I would be making a ton of money from it. Binance is definitely rich enough to have one office in every single nation including small island nations, they are billionaires, so opening an office is nothing for them.

[Xxmodded]

Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing?  Chinese market is big, its going to be an opportunity outside exchanges to come in.

it seems like if the exchange from the United States settled in China it would be a different story, I know Binance the CEO is Chinese,
and that gives a positive side to making the green light, the news makes the community feel happy because China is now open about crypto currencies

Binance always revolution how to make investor interested with binance exchange and legal using crypto for currency, now Binance want to open Beijing office. Binance keep giving best ideas how to make bitcoin have many investor with prepare real product look how serious of bitcoin and altcoin become legal transaction payment, binance the only way how to change with crypto world.

[Hamphser]

Honestly I am really impressed with Binance commitment in bringing their flagship in different continents however we understand that governments have their different approach about cryptocurrency. Do you think Binance can influence governments decision to ease regulations and political pressure?

Possibly,  if China think that Binance can help their cause to create their own and launch it successfully, both of them have their own interest to consider, I don't think Binance can influence China, they can only support it, China is still the major player in the Cryptocurrency, Binance just want to be at the right place, when something huge happen in China.

Probably, because they were moving or putting different branches for their business across the world. It seems like this is all about their taxes that they were going to pay if they would stay in a single place.
Binance might influence China but China can really influence binance if they want to, it is just up to the people.

[target]

Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing?  Chinese market is big, its going to be an opportunity outside exchanges to come in.

it seems like if the exchange from the United States settled in China it would be a different story, I know Binance the CEO is Chinese,
and that gives a positive side to making the green light, the news makes the community feel happy because China is now open about crypto currencies

Binance always revolution how to make investor interested with binance exchange and legal using crypto for currency, now Binance want to open Beijing office. Binance keep giving best ideas how to make bitcoin have many investor with prepare real product look how serious of bitcoin and altcoin become legal transaction payment, binance the only way how to change with crypto world.

If you have in your wildest imagination, do you think the government of China is going to use Binance to monitor all the users who engage in cryptocurrencies?  
It just come into my mind since they already dominate the cyptocurrency and suddenly they started to establish an office in US and in China which very surprising because even when Xi Jinping wants to accelerate blockchain development, the government still doesn't support crypto and BTC.

[7788bitcoin]

Honestly I am really impressed with Binance commitment in bringing their flagship in different continents however we understand that governments have their different approach about cryptocurrency. Do you think Binance can influence governments decision to ease regulations and political pressure?

To be honest i am wondering what the plans are, binance started their P2P market to focus on the Chinese market and there were obstructions from companies and the government to restrict the flow of money into bitcoin and now they are planning to open an office in China  . Not sure what is happening, accepting blockchain does not mean they are accepting bitcoin or alt coin, whether Changpeng Zhao has other plans is to be seen.

[BigBoy89]

Binance opened a US branch on 23 Sept https://finance.yahoo.com/news/binance-us-opens-deposits-registrations-131459196.htm.
Now a Chinese office and most probably a trading platform very soon.

It will be interesting to see both working and will the US Congress trying to implicate some restrictions on the US branch due to the Chinese activities of Binance. Still, BNB is one of the best investments around.

[Baofeng]

Binance opened a US branch on 23 Sept https://finance.yahoo.com/news/binance-us-opens-deposits-registrations-131459196.htm.
Now a Chinese office and most probably a trading platform very soon.

Nah, Chinese won't allow any exchanges to be open soon specially Binance in their soil. They won't change their stance banning crypto exchange.

It will be interesting to see both working and will the US Congress trying to implicate some restrictions on the US branch due to the Chinese activities of Binance. Still, BNB is one of the best investments around.

That's the thing, I really don't understand why people are so excited about China right now. I hope you guys don't forget what did they in 2017.

[BigBoy89]

Binance opened a US branch on 23 Sept https://finance.yahoo.com/news/binance-us-opens-deposits-registrations-131459196.htm.
Now a Chinese office and most probably a trading platform very soon.

Nah, Chinese won't allow any exchanges to be open soon specially Binance in their soil. They won't change their stance banning crypto exchange.

It will be interesting to see both working and will the US Congress trying to implicate some restrictions on the US branch due to the Chinese activities of Binance. Still, BNB is one of the best investments around.

That's the thing, I really don't understand why people are so excited about China right now. I hope you guys don't forget what did they in 2017.

Maybe the Chinese will finally allow it. Because they are actively deleting articles and online materials about the crypto ban after Xi Jinping 180-turn on cryptocurrencies.

The Chinese government is actively preparing to launch own crypto. While IMO they will connect it to their mobile apps (https://daxueconsulting.com/payment-methods-in-china/), I'm sure they will also want to have it on some (regulated) exchanges. And if Binance is one of those regulated exchanges... BNB will skyrocket.

[Mometaskers]

This wouldn't affect cryptocurrency that much. According to this same article they're coming in for their peer-to-peer business and that don't necessarily mean crypto. I don't see eternal emperor Xi's stance on crypto just suddenly changing.

They want to eventually ban mining. It's not hard to imagine they want all trading in crypto to cease as well.

[hello_good_sir]

Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing?  Chinese market is big, its going to be an opportunity outside exchanges to come in.

it seems like if the exchange from the United States settled in China it would be a different story, I know Binance the CEO is Chinese,
and that gives a positive side to making the green light, the news makes the community feel happy because China is now open about crypto currencies

Binance always revolution how to make investor interested with binance exchange and legal using crypto for currency, now Binance want to open Beijing office. Binance keep giving best ideas how to make bitcoin have many investor with prepare real product look how serious of bitcoin and altcoin become legal transaction payment, binance the only way how to change with crypto world.

If you have in your wildest imagination, do you think the government of China is going to use Binance to monitor all the users who engage in cryptocurrencies?  
It just come into my mind since they already dominate the cyptocurrency and suddenly they started to establish an office in US and in China which very surprising because even when Xi Jinping wants to accelerate blockchain development, the government still doesn't support crypto and BTC.

That seems like quite the conspiracy theory mate. I think it's definitely something that could be possible, but Binance has always been very big on stopping this sorta stuff.

I do think we are going to end up with this happening, the Chinese government attempting to get into Binance's books to try and stop crime, or just get in their books.

Binance is likely either going to try fight them off and likely have hell for the rest of the time they can operate in China, or end up packing their bags and leaving

[CryptoBry]

Honestly I am really impressed with Binance commitment in bringing their flagship in different continents however we understand that governments have their different approach about cryptocurrency. Do you think Binance can influence governments decision to ease regulations and political pressure?

Binance will not become the most recognized leader in the cryptocurrency exchange business if the people behind don't have that intuitive acumen that can easily read trends and get there before of the competitors would be aware. Such is the superb ability of CZ that I am sure years from now, he will single-handedly dominate this industry and be the man recognized by China helping it in its own ambitious cryptocurrency project. For sure, this is all about business and there is nothing so noble about Binance's push in China but there is nothing wrong with working for profit, is there?

Mark Zuckerberg is to social media what Changpeng Zhao to cryptocurrency exchange. And by the time that CZ can successfully help in prodding China to open up its market to Bitcoin officially, I am sure his name and legacy can forever be etched in this industry. Soon, we will wake up and then we realized that the cryptocurrency currency is already painted and covered by the colors of the flag of China. Who knows, Satoshi Nakamoto will even turn out to be a Chinese by decent...hmmm. Welcome to China, welcome to Binance.

[davinchi]

Maybe the Chinese will finally allow it. Because they are actively deleting articles and online materials about the crypto ban after Xi Jinping 180-turn on cryptocurrencies.

The Chinese government is actively preparing to launch own crypto. While IMO they will connect it to their mobile apps (https://daxueconsulting.com/payment-methods-in-china/), I'm sure they will also want to have it on some (regulated) exchanges. And if Binance is one of those regulated exchanges... BNB will skyrocket.

Lol, I think that they were just too forward in actually having statement to ban bitcoin without first researching on it first and seeing if there is possibility of them also joining in the sphere, here they have found themselves now also interested in the same thing that they have been working against for a while now.

Their story made me to remember how Facebook started hunting down cryptocurrency projects from their own platform not knowing that a time will come that they too will also be interested in the same cryptocurrency business, and now, they will understand the challenges projects do face before they get support, and I think that china own currency too will suffer the same fate, because not many people would want to use their centralized coin.

[wozzek23]

These top countries are stylishly regulating cryptocurrency and I think that the first step they might have in their agenda is to have these exchanges have their presence in their country and also have a platform that is going to be separated for their citizens for them to be able to regulate the projects that are coming on it for the safety and security of their citizens and also for their trades to be taxable.

I will not be surprised that after they establish their exchange in the country, they will limit the use of it to china citizens, but it is still a very good move that Binance is making though to be getting the support from some of these government that has been against them once, and this is a clear sign that china has totally embrace cryptocurrency.

[NeuroticFish]

CZ is Chinese after all. If there's a chance he can get his business back home, he will do it. I guess that China is by far a country he understand better.
His runaway to Malta was a move he did because he had to, it was not about preferences.
So it's a quite normal move. The only surprise is that this is discussed this early.

[Kemarit]

CZ is Chinese after all. If there's a chance he can get his business back home, he will do it. I guess that China is by far a country he understand better.
His runaway to Malta was a move he did because he had to, it was not about preferences.
So it's a quite normal move. The only surprise is that this is discussed this early.

Could be, but I'm sure he had a lot of talks from the government prior to bringing Binance to China again. Maybe there was some incentives or sort of under the table agreement between the two that's why China open their doors to Binance. This is still news worthy though, specially from big and wealthy Chinese. 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.