News Explorer – Binance France replaces Changpeng Zhao with two shareholders to comply with EU regulations

May 28, 14:01

DL News

Binance France replaces Changpeng Zhao with two shareholders to comply with EU regulations

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