Binance CEO Changpeng Zhao, also known as CZ, the high-profile crypto millionaire, spent last Thursday night wooing a key gathering of UK government officials in Westminster. According to attendees, Zhao made a speech at a dinner on March 3 for guests from 10 Downing Street and the Treasury, as well as MPs and Lords. The Centre for Policy Studies, a conservative research group, hosted the event.
In his speech, Zhao said that he made mistakes when he started the crypto exchange into the huge company it is today. He said that he wants to work more closely with regulators now.
Only yesterday, after Binance announced a deal with Nasdaq-listed crypto firm Eqonex that appears to give it control of an FCA-registered crypto custodian named Digivault, the FCA issued a statement warning that the registered status could be revoked “if it is not satisfied that the firm or its beneficial owner is fit and proper.”
Binance refused to comment on what was said during the dinner, but Zhao “has been fairly clear on the record that we are completely compliant globally and that we aim to earn every licence and registration that we can.”
Conservative MP Matt Warman and former Culture, Communications, and Creative Industries Minister Ed Vaizey were among those who attended the event.