Binance Denies Police Raids As Shanghai Office Doesn’t Even Exist

Rumors sparked up recently that Chinese authorities have raided the offices of cryptocurrency exchange Binance is actually quite false.

On Nov. 21, a Binance spokesperson invalidated the media reports that the Chinese police raided and shut down the exchange’s Shanghai offices. The spokesperson even stated that no such offices even exist:

“The Binance team is a global movement consisting of people working in a decentralized manner wherever they are in the world. Binance has no fixed offices in Shanghai or China, so it makes no sense that police raided on any offices and shut them down.”

Binance Under Negative Media Agenda in China

The spokesperson also stated that Binance is being targeted in the Chinese media with “a recent spike in the number of negative articles and activities against Binance”

Binance further added:

“We also encourage our friends from the media to verify if their “sources” are telling the truth or presenting their own agenda.”

Binance is concentrating on building its blockchain and cryptocurrency ecosystems that it would “work closely with any government to protect users and grow the blockchain industry.”

Recently, China’s microblogging website Weibo, often referred to as “Chinese Twitter” blocked Binance’s official account. All content, including Binance’s posts and the number of followers, is currently unavailable as Binance’s Weibo page is blocked. It features a notice that the account has violated provisions of the Weibo Community Convention.

Binance announced yesterday that it has acquired WazirX, the India based bitcoin exchange. Users can now buy and sell crypto with Indian Rupees (INR) on the Binance Fiat Gateway, starting from November 25, 2019.

Source: Cointelegraph | Image: Crypto Tendencia

#decentralization #china #Binance #exchanges #cryptocurrency

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