Binance Has Released Full Transcript AMA With CZ. Binance CEO CZ addressed several of the community’s questions regarding Binance US, DEX, and IEOs
First of all, thanks for listening in. A lot of things have happened since last month. Since the last AMA, we just went past 23 months. It was exactly two years ago (June 18, 2017) when we released our first whitepaper, version 0.1. We had no advisors’ list on it when I started sending out the whitepaper to people.
Since last month, we have been testing our margin trading. We have a fully revamped website — Binance 2.0 — and we are now [preparing for] the Binance US exchange.
I’ll jump into the questions now. I think what everyone’s really interested about, the hottest topic right now, is Binance US. Let me explain a little bit on the process/background and answer questions for this topic.
First of all, why the change? As I’ve always said, we have always wanted to operate in a fully compliant manner everywhere around the world. Everywhere we go, we want to be fully compliant, and we don’t want to step on anybody’s toes. We don’t want to be cross anybody’s boundaries, etc. So far, Binance has not targeted the US market at all. We’ve been focusing exclusively on non-US markets. But I think the time has come when the markets are mature enough that we do want to find a way to service the US users.
So we worked very hard in the last little while, and we have a partner in the US, BAM Trading Services, and we want to serve the US users in a fully complying way. So that’s what we’re doing at a very high level, and there are a lot of rumors which I’ll clear out first.
At Binance.com, we have always had terms of service in place, but we will take slightly stronger measures in terms of compliance or the enforcement of it. So there are a couple of rumors which I want to clarify on.
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