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Bitcoinist
2023-05-12 11:39:58

Binance.US Considers Reducing Founder Changpeng Zhao’s Control Amid Regulatory Scrutiny

Binance.US Considers Reducing Founder Changpeng Zhao’s Control Amid Regulatory Scrutiny

Amid the continuous regulatory scrutiny, Binance.US, the American arm of the world’s largest cryptocurrency exchange, has disclosed it is now contemplating cutting down founder Changpeng Zhao’s (CZ) majority stake in the company. This move comes in response to regulators targeting the exchange. And according to the report, this latest move is in the favor of

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