The CEO of Binance, Changpeng Zhao, has reacted to a new article from Reuters regarding money laundering allegations. Today, Changpeng Zhao took to his Twitter page to air his opinion about the relationship between regulators and cryptocurrency firms. In the Tweet, the CEO shared a screenshot from the article while attaching a reflection of his opinion to it.
Changpeng Zhao recalled how he “voluntarily” shared personal information upon request by the Justice Department’s money laundering section in 2022. With the post, the CEO illustrated why it’s essential for the cryptocurrency community to build trust with regulators.
Meanwhile, the CEO of Binance has emerged as a prominent figure in the cryptocurrency space. Prior to his recent Tweet, Changpeng Zhao has often called for the cooperation of firms within the crypto space with regulators. In his view, the CEO believes a good relationship with regulators will foster good development for the industry.
Changpeng Zhao Relationship With Reuters
Consequently, the approach has birthed positive results for the CEO and Binance. Recently, his openness to building good relationships with regulators helped Binance obtain an operating license in France. Despite his willingness to contribute positively to the sector, Changpeng Zhao has attracted heavy attention from the media. Most significantly, Reuters emerged as one of the media organizations that often report controversial stories about Changpeng Zhao.
Therefore, causing a section of cryptocurrency enthusiasts to perceive that the news agency has an agenda against Changpeng Zhao and Binance. At a time, the media organization accused the Russian organ of Binance of sharing users’ details with Kremlin officials. In an exclusive report around April, Reuters alleged that Binance shared th details of popular Kremlin opposition Alexi Navalny with the Russian government. The report sparked unrest in the crypto space, forcing Binance to issue a statement to clarify the allegations.
In it’s latest report, Reuters published how the U.S federal prosecutors asked Binance to provide extensive internal records about its anti-money laundering checks. According to Reuters, the prosecutors also demanded communication records for Changpeng Zhao. Further, the reports contained how the Justice Department’s money laundering section requested the messages of the CEO’s and other top officials of the Binance.
Notably, the latest report further adds to the league of publications from Reuters regarding Changpeng Zhao. Around June 2022, Reuters also published a story that accused Binance of laundering about $2.35 billion on behalf of hackers, fradusters, and drug dealers. In the report, Reuters described Binance as a “hub for hackers, fraudsters and drug dealers.” Without a doubt, the relationship between Changpeng Zhao and Reuters is gradually gaining more attention than ever in the international cryptocurrency space.