Binance’s Changpeng Zhao Bashes Reuters Following “Inaccurate Reports”

Binance’s Changpeng Zhao is addressing the press agency Reuters following some inaccurate reports, as he calls them about the business. Check out the latest news on the subject below.

Binance CEO Changpeng Zhao (CZ) is speaking out on recent allegations in the media, saying that the exchange is being targeted with inaccurate and unethical reporting.

In a new company blog post, CZ responded to a Reuters story published recently that alleges the company has been dodging regulators in the US and UK, as per the online publication the Dialy Hodl.

The online publication mentioned above notes that Zhao said that Reuters probed Binance prior to the story, and while CZ is happy to answer questions, CZ says that the reporters signaled an attempt to report on his family and personal life.

The CEO also addresses some claims from the media that the exchange is dodging regulators by not publicizing the exact addresses of all their offices.

“We are careful when disclosing office locations, wearing Binance branding, or representing ourselves as Binance employees for security purposes. I want to keep our employees safe. However, regulators in each jurisdiction where we operate have our local address and contact details on file and we have announced major offices in Paris and Dubai.”

He continued and said the following:

“We have also set up a special part of the Binance website specifically for law enforcement.”

Not too long ago, Binance revealed the fact that they are supporting Bitcoin miners.

Binance has just launched a $500 million fund to provide loans to Bitcoin miners struggling to cope with difficult crypto-market conditions.

Binance Pool, which is the company’s mining service, will offer the following perks for miners:

“it will provide loans for both private and publicly-listed Bitcoin miners — who will need to pledge security, in the form of physical or digital assets, to obtain loans with a duration of 18-24 months. Binance will charge interest rates between 5% and 10%.”