Binance Wants to Launch a Branch in Korea

1 min reading
Binance: w planach globalny zasięg, futures i security tokens

One of the largest cryptocurrency exchanges in the world, Binance, is considering launching a branch in South Korea.

Korea's issue

The head of Binance Changpeng Zhao confirmed talks about the matter during an interview.
We work with local partners, but we do not know the details yet.
However, there is already a company in Korea called Binance LLC. The company, whose CEO is Jiho Kang, offers, among others, stablecoin based on a Korean won. The representative of the Chinese exchange said in an interview that they are aware of the existence of this company. They are holding talks on this matter, but no decisions have been made yet. Regarding the readiness to launch a branch in Korea, Binance is looking for an employee for the position of a compliance officer.
We are looking for a compliance officer who will support our development plans on all fronts. We are mainly concerned about KYC, customer onboarding and anti-money laundering and anti-terrorism policies. The place of work will be Seoul.
- informs the exchange on its website.

The development continues

Changpeng Zhao's exchange continues development plans all around the world. US citizens who have been using it have recently been disappointed because soon they will be barred from trading. Nevertheless, everyone is waiting for the creation of Binance.USBAM Trading Services is responsible for the project and Zhao declared that he would not take up any position himself, but at the same time ensured close cooperation between both companies. The main goal is to provide even greater transparency to US citizens who use the exchange.

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.