The world’s largest crypto exchange is slowing investments in the U.S., according to a Feb. 17, 2023, Financial Times article titled “Binance chief says it will pull back on US investment for now.” The article included comments made recently by Binance’s co-founder about increased U.S. regulatory scrutiny.
Partner Joanna Wasick told the publication, “If a company uses or transacts in U.S. dollars, even minimally, it could increase the likelihood of it interacting with the U.S. financial system and therefore potentially incur the ire of regulators.”
Read the article (subscription required).