TL;DR Breakdown: Binance is pivoting to launching a centralized entity as it continues to seek to become compliant with regulators.Regulators see its operations to be dodgy based on the narrative that the exchange doesn’t have physical headquarters. Leading cryptocurrency exchange, Binance is finally considering abandoning the idea of running “decentralized headquarters” as part of the effort to collaborate with regulators, according to the CEO, Changpeng Zhao. Although the exchange is centralized, it has since claimed that it doesn’t have any physical headquarters. This narrative isn’t going well with regulators. The exchange has been under regulatory turbulence for quite some months, and regulators find its operation to be “dodgy,” based on the claims that Binance doesn’t have centralized entities anywhere around the world. Binance is pivoting to centralized headquarters While speaking with the South China Morning Post on Thursday, CZ emphasized why a centralized entity would be necessary at this point, as the exchange seeks to comply with regulators. “There are very simple questions regulators usually ask us, which our response is kinda funny. The regulators ask us where’s your headquarters, and our responses is, well, we don’t have headquarters. That doesn’t go well with regulators. They don’t know how to work with us. Sometimes they...
