In a report on March 29, FT claims that Binance had substantial ties to China for several years, contrary to the company's claims that it left the country after a 2017 ban on crypto, including an office still in use by the end of 2019 and a Chinese bank used to pay employees.
Employees were told in 2018 that wages would be paid through a Shanghai-based bank. A year later, personnel on payroll in China were required to attend tax sessions in an office based in the country, according to FT. In response to the FT report, a Binance spokesperson told Cointelegraph that the company"does not operate in China nor do we have any technology, including servers or data, based in China," adding that"we strongly reject assertions to the contrary." They continued:"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.
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CZ previously said that we keep the location of our offices confidential for the safety of our employees.CZ_binance
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