While many people agreed with Blec’s assertions that Plaskett had discriminated against Zhao, others pointed out that the congressman had just presented facts. In 2019, Catherine Coley became the first chief executive of Binance.US, a crypto exchange that shares its name with the world’s largest digital assets trading platform Binance Holdings Ltd. Twitter users were polarized on the subject. For comparison, Binance CEO Changpeng Zhao ranked at 3 with a net worth of 1-2 billion, while Ethereum creator. The Binance CEO said that he emigrated to Canada when he was 12 and that all cryptocurrency exchanges have been prohibited in China since 2017. He stressed that he had not been a Chinese citizen for more than 30 years and had never been a member of the CCP. Zhao responded to the claims earlier today, claiming that Stacey Plaskett misrepresented the facts. The Canadian politician was accused of participating in anti-Asian prejudice by Blec for “not-so-subtly accusing” Canadian citizen Changpeng Zhao of being an asset of the Chinese Communist Party.
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📰 Also read: Crypto Exchange Gemini Seeking for a License to Operate in UAEĬhris Blec, a prominent crypto industry influencer, took issue because Plaskett characterized Zhao as a Chinese national. “He is a Chinese national, even though he holds Canadian citizenship,” she remarked. She addressed this to Shellenberger while addressing the audience. Shellenberger is the person to whom Plaskett was responding. Plaskett pointed out that Binance CEO Changpeng Zhao, who also happens to own a $500 million interest in Twitter, is a Chinese national while addressing Michael Shellenberger. The acquisition of Twitter by Elon Musk and the following publishing of the “Twitter Files,” which provided an insight into the immoral behaviors of the social media behemoth, were the central topics of discussion during the hearing. If you like this story sign up for FP Finance Newsletter.A response has been provided by Changpeng Zhao (CZ), the guy behind the world’s largest cryptocurrency exchange, in response to charges surrounding his nationality and involvement with the Chinese Communist Party (CCP).ĭuring a recent hearing on the weaponization of the federal government in the United States House of Representatives Judiciary Select Subcommittee, House Democrat Stacey Plaskett, who represents the United States Virgin Islands in the United States Congress, presented the claims.
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To learn more about cryptocurrencies and the blockchain industry, register for Financial Post’s free virtual event series FP CryptoDecoded presented by NDAX. More recently, the company has been pushing to incorporate in Alberta, registering three corporate entities in Calgary and hiring two senior employees to help comply with Canadian regulations, according to reporting by The Logic. 31. The OSC shot back saying they had not been informed and that the move was “unacceptable.” But when the deadline of the end of 2021 arrived, Binance told Ontario users that it was able to cooperate with regulators and that they would no longer have to close out their accounts by Dec.
Last June, the exchange announced it would no longer serve customers in Ontario amid a crackdown on unregulated platforms. Article contentĭespite Zhao’s ties to Canada, Binance has clashed with regulators here. This advertisement has not loaded yet, but your article continues below.
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