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Binance is by no means an "honest business," and never has been. Nobody even knows where they're incorporated.
by Jweb_Guru 4y ago
Binance is by no means an "honest business," and never has been. Nobody even knows where they're incorporated.
- olalonde 4y agoMy point... They would never have become that big otherwise. Same for Tether.
- xwolfi 4y agoLithuania, it's now called Bifinity UAB after changing their name from Binance UAB. They file regulatory documents from their address in Vilnius
- Jweb_Guru 4y agoThat's not the main Binance organization. They have various silos (like Bifinity and Binance USA) that are registered and claim to be siloed from the other organization, but even a little bit of research makes it clear that they're not actually separate organizations. Binance US is under investigation for things like KYC/AML avoidance and money laundering... And as for Bifinity, please read https://www.reuters.com/technology/binances-books-are-black-box-filings-show-crypto-giant-tries-rally-confidence-2022-12-19/ https://www.reuters.com/technology/binances-books-are-black-.... One relevant part: > Bifinity, whose annual report said it has 147 employees, does not have a website or publicly provide any contact details. The company's chief executive, Saulius Galatiltis, did not respond to requests for comment. At its registered address at a business centre in Lithuania's capital Vilnius, Bifinity is not listed on the tenants' board. This is not the first time a Binance organization has claimed to be filing from / regulated in a particular country or location, but when anyone actually tries to look into it there's nobody there or the registration was withdrawn.