There is already a photo (of a hallway) circulating online in China. There are plenty of empty offices in Shanghai, I am sure you will get a photo. He maintained that Binance had no office in Shanghai and the report was incorrect, adding: In fact, CZ later stated that he would sue The Block for false reporting and damaging the Binance name. That Binance had an office in Shanghai was repeatedly refuted. Hope you didn’t pay to read that FUD block. The Chinese government appeared to go on a cryptocurrency company purging spree, shutting down offices and reportedly raiding buildings, including… Binance’s office in Shanghai.Īfter an article by The Block came out about the exchange’s office being raided, CZ vehemently stated: Well, cast your mind back to just a few months ago to November 2019. So why are CZ and his followers waxing lyrical about the achievement? There’s still no mention of where cryptocurrency fits into this, and certainly no green light to a Binance exchange HQ. You’ll notice that the office has been approved to research blockchain technology. However, the fact that Binance now has an official office in Shanghai doesn’t mean the government has gone soft on Bitcoin. While CZ pointed to the magnitude of the achievement, he also said that these were still “baby steps.” Still, baby steps in the right direction are better than giant strides in the wrong one. Yeah, most people may not understand the underlying shift that just happened.
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