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News Explorer — Binance France Replaces Changpeng Zhao With Two Shareholders to Comply With EU Regulations

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May 28, 2:01 pm

DL News

Binance France Replaces Changpeng Zhao With Two Shareholders to Comply With EU Regulations

Binance France has replaced co-founder Changpeng Zhao with two new shareholders, Yulong Yan and Lihua He, to comply with French regulations. The move is necessary to ensure that Binance can continue operating in the European Union's second largest economy and "passport" across Europe under the upcoming MiCA regulations. The shareholder swap is part of Binance's global restructuring project and signifies the company's efforts to distance itself from the Zhao era.

Binance France has replaced co-founder Changpeng Zhao with two new shareholders, Yulong Yan and Lihua He, to comply with French regulations. The move is necessary to ensure that Binance can continue operating in the European Union's second largest economy and "passport" across Europe under the upcoming MiCA regulations. The shareholder swap is part of Binance's global restructuring project and signifies the company's efforts to distance itself from the Zhao era.

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