Christine Parker, partner at Reed Smith, summarizes the slew of regulatory headlines facing Binance and how such scrutiny may affect the exchange going forward. Show highlights:
- which countries are investigating Binance
- why it has been difficult for governing bodies to regulate Binance
- whether the reports that regulatory bodies, like the CFTC/IRS/DOJ, coming after Binance are correct
- when Christine expects regulators to make a move against Binance
- how hiring ex-regulators might help Binance in Congress
- whether Binance’s strategy of leaving countries with tight regulations helped or hurt the exchange
- what Christine thinks of Binance’s strategy to localize its business model
- whether or not it is too late to avoid regulatory penalties for Binance
- why transitioning to a DAO business model would not absolve Binance of prior infractions
- how the BitMEX situation could inform Binance
- whether criminal charges could be in Binance CEO Changpeng Zhao’s future
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Episode Links
Christine Parker: https://www.linkedin.com/in/christine-parker-b09a31/
Binance Investigations
Binance Material
- CZ letter
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- CZ Unchained appearance
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- Binance’s compliance hiring spree
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