Binance says ‘no comment’ on report it mulled closing US arm to protect its global firm

Binance has declined to comment on a media report that its CEO

Despite the regulatory challenges and risks, Binance continues to expand its business in various parts of the globe. On Aug. 1, Binance officially announced the launch of Binance Japan, offering spot trading for 34 tokens. The exchange plans to migrate its global users based in Japan to its local version starting Aug. 14 to comply with the country’s regulatory framework.

In a Twitter (recently rebranded to X) ask-me-anything session on July 31, Zhao stated that amid the regulatory and transparency risks concerning stablecoins, it’s important to diversify. The CEO highlighted that he is cautious of stablecoins like Tether (USDT) — the largest stablecoin by market capitalization — and admitted that even Binance USD (BUSD) comes with unforeseeable risks.

Magazine: US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express