# “CZ: Binance Has No Plan to Delist US-Based Crypto Tokens”

- Link: https://www.directorstalkinterviews.com/%e2%80%9ccz-binance-has-no-plan-to-delist-us-based-crypto-tokens%e2%80%9d/4121106832
- Published: 2023-02-18T04:08:01+00:00
- Author: Anthony Fox

Binance CEO Changpeng ‘CZ’ Zhao has recently denied reports that the exchange is
planning to delist all US-based tokens. In response to one of the reports, he tweeted
that it was “false” and suggested that blockchain has no borders. He noted that 
Binance had pulled back on certain investments and takeover of bankrupt companies
in the U.S., but this was only a temporary measure.

This news follows a Bloomberg report claiming that Binance was looking to end relationships
with its U.S.-based partners, including banks. Additionally, the exchange was reportedly
reassessing its venture investments in the U.S.

In the past couple of months, Binance has faced increased negative press coverage,
particularly after the collapse of FTX. On top of this, the U.S. Securities and 
Exchange Commission (SEC) recently filed a lawsuit against Paxos, the issuer of 
Binance USD (BUSD) stablecoin, labelling it as an unregistered security. Furthermore,
the New York Department of Financial Services has ordered Paxos to stop minting 
the stablecoin, resulting in their termination of relationship with Binance.

In light of this, Zhao encouraged people to focus on education, compliance, product
and service rather than pay attention to FUD, fake news and attacks. He believes
this will help reduce misunderstandings and clear up any confusion.

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