• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
binance
Nexo

Binance to Open Office in Shanghai – Yes, Really

Christina Comben by Christina Comben
2 years ago
in Bitcoin Exchange, News, News teaser
0

It looks as if Binance has gone ahead and achieved the impossible. In a landmark move, CEO Changpeng Zhao (CZ) announced that Binance Academy will officially set up an office in Shanghai.


Binance reaches ‘Milestone’ with Office in Shanghai

Taking to Twitter today, CZ applauded the achievement of the Binance Academy team. They were able to reach a “milestone agreement” with the local government and open a legal physical presence in China.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In other news, @BinanceAcademy reached a milestone agreement with the local government and will setup an office in Shanghai. The official signing ceremony just happened today. 👏🔶👏https://t.co/bgulAFnaA5 pic.twitter.com/Kjctjfu20Z

— CZ Binance 🔶🔶🔶 (@cz_binance) March 27, 2020

According to local Chinese news site Blockbeats, Binance China’s core team will join forces members of Lingang Xinyefang and Lingang Innovation Management College to establish a “research institute” in Shanghai.

All players involved will make use of their “respective industrial and technological advantages” to promote the research of China’s core blockchain strategy. This includes industry application development, talent training, and education.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

The official signing ceremony giving the office the local government seal of approval took place today. And CZ congratulated them on the major feat. After all, China is notoriously averse to cryptocurrency companies on its soil.

One follower Crypto Godfather and CEO at Block Journal commented:

Congratulations. Bigger step than people realize.

To which CZ replied:

Yeah, most people may not understand the underlying shift that just happened. But that’s fine.

Is China Coming Around to Crypto?

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.

However, the fact that Binance now has an official office in Shanghai doesn’t mean the government has gone soft on Bitcoin. You’ll notice that the office has been approved to research blockchain technology.

There’s still no mention of where cryptocurrency fits into this, and certainly no green light to a Binance exchange HQ. So why are CZ and his followers waxing lyrical about the achievement?

Well, cast your mind back to just a few months ago to November 2019. 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.

After an article by The Block came out about the exchange’s office being raided, CZ vehemently stated:

No police, no raid, no office. Hope you didn’t pay to read that FUD block.

That Binance had an office in Shanghai was repeatedly refuted. In fact, CZ later stated that he would sue The Block for false reporting and damaging the Binance name.

He maintained that Binance had no office in Shanghai and the report was incorrect, adding:

There are plenty of empty offices in Shanghai, I am sure you will get a photo. There is already a photo (of a hallway) circulating online in China.

He then pivoted to the argument that offices were outdated concepts anyway and that time is moving on:

Office and HQ are old concepts like SMS and MMS. Time is moving on…

— CZ Binance 🔶🔶🔶 (@cz_binance) November 20, 2019

Four months later and it seems as if offices are back in fashion. As long as they’re officially approved by the local Chinese government.

What do you make of Binance opening an office in Shanghai? Add your thoughts below!


Images via Shutterstock, Twitter @cz_binance

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christina Comben

Christina Comben

Related Posts

Bitcoin

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

8 hours ago
DAI

DAI Emerges Strong Despite Terra’s Downfall

10 hours ago
Crypto

Cryptocurrency Is ‘Worthless,’ European Central Bank President Says

12 hours ago
Crypto

Crypto Disaster: Ethereum Co-Founder Vitalik Buterin Claims He’s Not A Billionaire Anymore

16 hours ago
A16z

A16z Rolls Out $600 Million Gaming, Web3 And Metaverse Dedicated Fund

19 hours ago
UnicornDAO

UnicornDAO Rallies For Women And LGBTQ Artists; Raises $4.5 Million 

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.