Glenn Beck issues grave warning to America after Trump indictment
Binance concealed ‘extensive’ ties to China: Financial Times
Binance, the world’s largest cryptocurrency exchange, reportedly hid ties to China for years
Binance, the world’s largest cryptocurrency exchange, reportedly hid ties to China for years despite claiming to have left the country following Beijing’s regulatory clampdown in 2017, according to internal documents cited by the Financial Times on Wednesday.
- Binance Chief Executive Officer Changpeng Zhao and other senior executives reportedly directed employees to conceal the company’s presence in China. The Financial Times reported that the company had a mainland office that was active until 2019 and a Chinese bank that was used for payrolls.
- Binance reportedly told employees in 2018 that their salaries would be disbursed via a bank in Shanghai, and in 2019, they were told to attend a tax session at an office in China.
- The Financial Times also reported that employees were cautioned to only publicly acknowledge offices in Malta, Singapore and Uganda, while avoiding reference to other locations, including China.
- The exchange has reportedly concealed its Chinese presence by including instructions in the onboarding documentation for new employees in China to install virtual private networks on their devices.
- “It is unfortunate that anonymous sources are citing ancient history (in crypto terms) and dramatically mischaracterizing events. This is not an accurate picture of Binance’s operations,” a Binance spokesperson said in a statement shared with Forkast.
- “Binance does not operate in China nor do we have any technology, including servers or data, based in China. We strongly reject assertions to the contrary,” the spokesperson said.
- The Financial Times said in its report that it could not determine whether Chinese offices cited in the company’s internal communications were still active. However, according to a former employee cited by the outlet, “many” of the exchange’s developers were still in the country.
- Zhao said in a blog post published last September that Binance is not a Chinese company and has never been registered or incorporated in China. He added that only a “small number of customer service agents” remained in China by late-2018.
- China banned crypto exchanges from providing services in the country in 2017 and outlawed crypto trading and mining in 2021.
- The U.S. Commodity Futures Trading Commission sued Binance on Monday over allegations that it illegally served clients in the U.S.
Jonathan Turley calls Trump indictment ‘legally pathetic’
With statute of limitations the case against Trump has been dead for two years
Nearly 80 percent of Americans would boycott Chinese-made products to counter CCP aggression: poll
78.7 percent of the 1000 likely general election voters surveyed said they’d be “willing to stop purchasing Chinese products as a means to help counter the aggressive actions of the Chinese Communist Party
A new poll conducted by the Convention of States Action in partnership with the Trafalgar Group surveyed Americans on the measures they’d be willing to take as citizens to counter the aggressive behavior of the Chinese Communist Party and limit reliance on products made in the nation.
Results showed that the vast majority of respondents supported boycotting Chinese-made products if it would help support the US fight against the actions of the CCP.
According to the poll, 78.7 percent of the 1000 likely general election voters surveyed said they’d be “willing to stop purchasing Chinese products as a means to help counter the aggressive actions of the Chinese Communist Party, and lessen America’s dependence on Chinese manufacturing.”
Around 10 percent said they would not, and 11.4 percent were unsure.
There was a bipartisan consensus that a boycott could be beneficial, however, Republicans expressed support at a higher rate than their Democratic counterparts, at 92.1 percent to 74.2 percent, respectively. Just over 67 percent of independents also said they’d be willing to take part in a boycott.
Convention of States Action President Mark Meckler noted that the results of the poll were in line with prior surveys on the issue.
“Previous polling we conducted have repeatedly shown that Americans are taking the threat from the Chinese Communist Government seriously and want President Biden and the US government to take decisive action in containing the threat from China,” he said. “What is notable in this poll though is that Americans are so concerned about the threat posed by the Chinese government that they are willing to take action themselves to restrict China’s manufacturing monopoly that feeds the CCP beast.”
Meckler went on to suggest that the results proved the US had “reached a national moment of awareness and understanding.”