Recently, there was a rumor regarding the legalization of a crypto exchange in China. It was said that the Chinese government had legalized the crypto exchange. But, Binance CEO changpeng Zhao released the statement denying any such claim and claimed it to be misleading and fake.
Why all This Fuss?
If sources are to be believed, an image was circulating over the internet since October 30th, where the crypto exchange license was shown with permission of the Chinese government. It looked like the officials were hiding this transaction and wanted to keep it within the country.
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