Binance CEO Richard Teng said the exchange is speaking to a few jurisdictions that are under consideration for its headquarters.
Binance CEO Richard Teng said the exchange is speaking to a few jurisdictions regarding the selection of a headquarters but has not yet made a decision.
"It's not so easy to pick one because of the multitude of factors that you have to weigh and assess," he said. "Where is the value given our suite of products? What is the jurisdictions that has regulations that can cater to our suite of products, our suite of uses?" Teng added that the question of taxation agreements also had an impact on the decision.
Upon assuming leadership, Teng initially sidestepped the question, stating there was no need to disclose the information publicly. However, his latest statements indicate that the exchange is on the verge of choosing a location. "As and when we are ready to announce, we will do so," he said.During the fireside, Teng focused heavily on the exchange's focus on increasing its levels of collaboration with regulators.
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