Changpeng Zhao, the CEO of Binance, said that the company could launch Binance U.S. within the next two months.
Binance could enter the U.S. earlier than expected.
The Malta-based Binance announced that it would stop serving U.S. customers on Sep.
With the news announced earlier in June, many speculated that it would take months before Binance's new U.S. branch becomes fully operational.
In an interview with Cheddar, Changpeng Zhao, the CEO of Binance, said that the company's U.S. corporation could launch much earlier than expected.
Zhao told Cheddar that the partnership will help Binance with regulatory compliance, as BAM appointed former Ripple executive Catherine Coley as CEO earlier in July.Rigorous regulations mean New York will be left out from Binance U.S. While it's still unclear where exactly will Binance.
US first roll out, Zhao said that it won't initially launch in New York.
Neither Binance nor BAM have managed to receive a BitLicense from the New York State Department of Financial Services and Coley declined to say whether the company will be applying for one.
New York has notoriously rigorous regulations and the high cost of compliance could force Binance U.S. to avoid the State completely.
Zhao seems optimistic about Binance's future in the U.S. He told Cheddar that the U.S. has historically made "Very clear regulations" and that any uncertainties in the space "Will clear up."
Changpeng Zhao says Binance U.S. could launch in two months
Published on Aug 17, 2019
by Cryptoslate | Published on Coinage
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