Changpemet, co-founder and CEO of Binance, has met with multiple government officials over the past few months. He flew to Monaco, where he met with a high-ranking government official, Frédéric Genta.
Historically, whenever Binance has worked with or visited a major government, representative, or official, he has planned an expansion into that region shortly thereafter. Binance will try to establish itself as a key player in the country's digital transformation through partnerships with influential men if the trading platform already has a presence there.
Because of its progressive tax haven status, the Principality of Monaco is a natural fit for the cryptocurrency industry. Monaco, among other related outfits, is quickly becoming an alternative for companies of interest now that Portugal is moving away from the path of zero tax for crypto startups and stakeholders.
Zhao, also known as CZ, did not disclose the specifics of his meeting with Frédéric Genta, but given Genta's prominence in regional digital transformation policymaking, it is likely that they discussed the importance of blockchain and crypto startups.
While in Kazakhstan, Zhao met with the country's president, Kassym-Jomart Tokayev, and other government officials to sign a memorandum of understanding in which Zhao agreed to provide advice to the Kazakh government on matters of policy and regulation. In addition, the market will allocate funds and resources to support the development of the neighborhood, with an emphasis on digital education.
Over the past 12 months, Binance has secured a number of new licenses to operate. Helping the area in which it operates is a top priority, so the company has pledged to invest heavily in digital transformation, policy, and regulatory development, among other areas.
As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!
iOS: t.ly/UUCj
Android: t.ly/cfYt