The Block Crypto News14 minutes ago

Published on April 09, 2024 08:06 GMT+00:00edited on April 09, 2024 08:09 GMT+00:00

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.

"The thinking behind corporate governance is not as easy as just naming 'oh, I want to pick this country'. There's a lot of considerations behind it. So we are speaking to a few jurisdictions as of now; a few jurisdictions are under consideration," said Teng in a fireside discussion at Paris Blockchain Week.

"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 …