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Binance Pulled Back on Potential Investments and Bids on Bankrupt Companies in US, Says CEO CZ

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Changpeng Zhao, CEO of crypto currency exchange Binance, acknowledged on Twitter than Binance has pulled back potential investments and bids on bankrupt companies in the US, in response to news reports that the company will cut ties with U.S. crypto projects.

Bloomberg reported that Binance is considering ending relationships with its US business partners due to increasing regulatory scrutiny from US authorities. The company is said to be reassessing its investments in US-based ventures and may delist tokens from such projects, including Circle's USD Coin. Binance Holdings is not authorized to serve US crypto customers and operates Binance.US, which claims to be an independent and smaller exchange with no plans to leave the US.

  In an earlier tweet , CZ tweeted “False” regarding a post claiming that Binance was considering “delisting all U.S.-based cryptocurrencies.”   

He then added that “blockchain has no borders” in reply to a question about what a “U.S.-based token” even was. 

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