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- Binance CEO Changpeng Zhao said his firm will cooperate with global regulators and will create regional headquarters.
- The exchange has long touted its decentralized operations and has not listed any headquarters.
- "We need to be a licensed financial institution everywhere that we operate," Zhao said. "We've taken a very strong pivot now."
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Binance CEO Changpeng Zhao on Tuesday expressed his intention to cooperate with global regulators after a string of clampdowns against the world's largest cryptocurrency exchange by authorities across the globe.
"We need to be a licensed financial institution everywhere that we operate," Zhao said during a press conference attended by journalists on Tuesday.
If regulators expect BINANCE to have a headquarters, then Binance will establish regional headquarters around the world, the CEO said. This will give regulators a "very easy to understand structure," Zhao added.
The executive clarified that his exchange has not decided on specific locations yet.
