Binance says FT is ‘dramatically mischaracterizing events’

Binance has denied the Financial Times report that it has ties to China in an emailed statement to CryptoSlate.

A spokesperson for the crypto exchange said the firm does not operate in China, nor does it have any technology — including servers or data — based in the Asian country. They added:

“We strongly reject assertions to the contrary. To be clear, the Chinese government, like any other government, has no access to Binance data except where we are responding to lawful and legitimate law enforcement requests.”

The Financial Times report alleged that Binance had maintained a mainland office until 2019. The report further claimed that Binance deliberately obscured the extent of its operations in China despite claims to the contrary.

According to the statement, Binance said, “anonymous sources [were] citing ancient history and dramatically mischaracterizing events.”

More details to follow…

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