This is more about taxes than anything else for the countries. For example, if there are countries that banned these type of stuff or make it difficult then binance would open one at the border nation instead of you and pay tons of taxes there.
If I was a government official I would honestly reach out to binance myself and I would give them some support to open an office in my nation as well, that way I could get them all settled here and then start taxing them a fair amount, not a lot, not small, just whatever is the fair tax and then I would be making a ton of money from it. Binance is definitely rich enough to have one office in every single nation including small island nations, they are billionaires, so opening an office is nothing for them.
Topic: Binance to Open Beijing Office Amid China’s Renewed Blockchain Push - page 2. (Read 474 times)
November 03, 2019, 02:43:59 AM
November 02, 2019, 02:15:09 PM
Honestly I am really impressed with Binance commitment in bringing their flagship in different continents however we understand that governments have their different approach about cryptocurrency. Do you think Binance can influence governments decision to ease regulations and political pressure?
Possibly, if China think that Binance can help their cause to create their own and launch it successfully, both of them have their own interest to consider, I don't think Binance can influence China, they can only support it, China is still the major player in the Cryptocurrency, Binance just want to be at the right place, when something huge happen in China.
November 02, 2019, 02:07:47 PM
Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing? Chinese market is big, its going to be an opportunity outside exchanges to come in.
and that gives a positive side to making the green light, the news makes the community feel happy because China is now open about crypto currencies
November 02, 2019, 09:15:09 AM
Maybe it will. Although China government has only one sided decision in this after all. Though may be the two could meet half-way on making their decisions because they'll be needing each other specially China. Besides the interest are already in China they are just making a safe decision with regards with their own crypto because after all they are against with Bitcoin.
November 02, 2019, 08:44:08 AM
Well its about time. The company has been known to hire Chiense individuals as their CEO is Chinese so its about time they go establish on their own soil. If China will support the wide use of blockchain then it would make sense to house a big well known exchange for traders. Will they also be open for US exchanges to settle on Beijing? Chinese market is big, its going to be an opportunity outside exchanges to come in.
November 02, 2019, 08:12:33 AM
It makes complete business sense for them to open office in China, we all know how China operates and if the people bought into what the president says then it is a new big market. I would expect more exchanges to follow suit because they won't want to miss out of the new opportunity
November 02, 2019, 06:53:51 AM
Opening in China, knowing that the country has a huge part in Bitcoin's network, is maybe a good idea. Sincea large percentage of people there are aware of cryptocurrencies, and especially in mining, they could attract more people to use their exchange and therefore, more trade/exchange activity that would be good for the market. However, China is known to impose their rules to their liking and if they decided to outright ban Bitcoin or other cryptocurrency, then this could be a problem to Binance.
November 02, 2019, 06:08:43 AM
I'm not too surprised nor do I think it's news worthy. Binance will keep closing and opening offices around the world as they never feel too comfortable staying in a country for too long with their non compliant attitude.
In the long run it will be the compliant exchanges getting back all the users they lost to exchanges such as Binance, so this is actually the time to get yourself finally to comply with legislation as exchange. You can't keep running away for ever.
In the long run it will be the compliant exchanges getting back all the users they lost to exchanges such as Binance, so this is actually the time to get yourself finally to comply with legislation as exchange. You can't keep running away for ever.
November 02, 2019, 02:23:18 AM
Opening an office at Beijing is a good sign from Binance. A lot of their users are from mainland China and previously they had to depend upon the Hong Kong office (they have another office in Shanghai, but from what I have heard it is a small one). With the situation Hong Kong being very volatile with little improvement, the inauguration of the Beijing office would be a boon for the Chinese users. But that said, I would not read too much in to the statement from Xi Jinping. Just because he was praising Blockchain, we can't say with 100% surety that he will be supportive about cryptocurrency.
November 01, 2019, 11:22:53 PM
This is a good development given by the Binance platform and place of exchange because I see them growing and spreading cryptocurrency and from that meeting the Binance platform will help increase the demand for cryptocurrency in its market, for this increase it will have a good influence on the price of coins in a place of exchange because it can make prices increase because of the influence of the meeting held by the Binance exchange place.
November 01, 2019, 11:09:01 PM
Since China has started loosening their tight crypto regulations, maybe it's time for Blockchain based companies to start some developments there considering the population who are interested in cryptocurrencies. Binance coming to China is a welcomed development, but I hope the Chinese government doesn't reconsider their stand on cryptocurrencies once again.
We can just hope that the Chinese government does not repeat the past by threatening the exchanges to shut down or move out and if Binance is stepping back into china which means that the government is going soft towards crypto again. This bold move from Binance will definitely prompt other players to think of Chinese market again and possible return.
November 01, 2019, 10:48:11 PM
I think there will be no pressure from the government to binance regulatory issues like that. That we know China is already using blockchain technology where the government is told to adopt blockchain.
And yesterday they launched a currency named DCEP above the auspices of governance? So it does not matter if Binance opens their office there, it is even better for more traders to use binance.
And yesterday they launched a currency named DCEP above the auspices of governance? So it does not matter if Binance opens their office there, it is even better for more traders to use binance.
November 01, 2019, 09:48:12 PM
Since China has started loosening their tight crypto regulations, maybe it's time for Blockchain based companies to start some developments there considering the population who are interested in cryptocurrencies. Binance coming to China is a welcomed development, but I hope the Chinese government doesn't reconsider their stand on cryptocurrencies once again.
We can just hope that the Chinese government does not repeat the past by threatening the exchanges to shut down or move out and if Binance is stepping back into china which means that the government is going soft towards crypto again. This bold move from Binance will definitely prompt other players to think of Chinese market again and possible return.
November 01, 2019, 05:53:09 PM
Quote
The new outpost will join Binance’s current mainland China office in Shanghai.
It’s not clear what exactly the office will do or when it will open
It’s not clear what exactly the office will do or when it will open
Doesn't sound like major news to me. The author is trying to paint this as part of a pro-blockchain renaissance of sorts following the president's recent comments, but I don't buy it.
It's just part of Binance's recent push into the Chinese market. They launched peer-to-peer trading earlier this month, with plans to expand into the OTC market: https://cointelegraph.com/news/binance-launches-p2p-trading-for-chinese-yuan
And as for Binance working with the government/s, it seems great and all, but without any proper information, this whole project will take years to roll out for all you know. Binance is really going wild these days, cause who would have thought China would unban Binance from their proxy admist of everything going on.
November 01, 2019, 04:16:59 PM
Since China has started loosening their tight crypto regulations, maybe it's time for Blockchain based companies to start some developments there considering the population who are interested in cryptocurrencies. Binance coming to China is a welcomed development, but I hope the Chinese government doesn't reconsider their stand on cryptocurrencies once again.
We can just hope that the Chinese government does not repeat the past by threatening the exchanges to shut down or move out and if Binance is stepping back into china which means that the government is going soft towards crypto again. This bold move from Binance will definitely prompt other players to think of Chinese market again and possible return.
November 01, 2019, 01:06:30 PM
Honestly I am really impressed with Binance commitment in bringing their flagship in different continents however we understand that governments have their different approach about cryptocurrency. Do you think Binance can influence governments decision to ease regulations and political pressure?
If I am not mistaken Binance was originally planed to be in China, but because of China kicking out all exchanges in 2016 established outside. It was on one Caribbean or one Asian country and latter moved to Malta. All big exchanges will try to open Chinese exchange.
November 01, 2019, 12:27:59 PM
Since China has started loosening their tight crypto regulations, maybe it's time for Blockchain based companies to start some developments there considering the population who are interested in cryptocurrencies. Binance coming to China is a welcomed development, but I hope the Chinese government doesn't reconsider their stand on cryptocurrencies once again.
November 01, 2019, 09:25:31 AM
Doesn't sound like major news to me.
Yeah, maybe it isn't major news but it is a little bit newsworthy. Binance is one of, if not the best exchanges out there, and if they're expanding their offices I at least find it interesting. I just can't stand the fact that I can't use them anymore because I'm in the US in a state that they have on their "banned" list. Not that I do a hell of a lot of trading and I don't trade with fiat, but I did used to use them from time to time.Anyway, it's good they're expanding in China. I can never remember what the legal situation is over there with crypto, but this is a good sign at least. IIRC China banned mining but not crypto, and they just officially gave their support to blockchain technology--though I'm sure that will mean they want to create their own shitty government-controlled crypto.
China is where binance started.
Really? That's another thing I ought to pay attention to and remember--where these exchanges are located. I was aware that Binance is operating out of Malta, but I didn't know about their origins. Nor do I know much about where other exchanges are located. 
November 01, 2019, 09:04:55 AM
China is where binance started. Though the Chinese government has not been critical to crypto industry that earns money, but they were concerned about it's citizens investing in crypto and some using it to hide money from CCP. Binance than chose to leave the country and as now the party sees the potential profit from crypto industry, it might be willing to bring in companies like binance that could pay a good tax to the party.
November 01, 2019, 08:14:51 AM
Binance is coming home. Since china is becoming friendly to blockchain, a lot of people and companies think that china is also becoming friendly to cryptocurrency and Bitcoin. But I have reservations with this actions of china. No one can predict what is running in the minds of this country's leaders. They could just declare Bitcoin and other cryptocurrencies other than their own digital currency as illegal. Binance and other crypto companies should be cautious with their decisions.
very true. how their mind works are quite different. they have their own strategies in business!
however if bnb can push thru the actual opening of their office in beijing, that would be great! but on bnb's side of business of course!
if they can pull it off, we can say that bnb's lifespan in crypto has just been prolonged...
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