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Binance's Shanghai Offices Raided By Local Police

Roland James

Summary: Binance, leading cryptocurrency exchange, allegedly had their Shanghai offices raided and shut down by Chinese authorities according to The Block. Local police reportedly shut down Binance’s office which held anywhere between 50 to 100 of the exchange’s employees. The raid comes as China has begun cracking down on cryptocurrency-related businesses and activities. By Roland James

Binance, leading cryptocurrency exchange, allegedly had their Shanghai offices raided and shut down by Chinese authorities according to The Block.

Local police reportedly shut down Binance’s office which held anywhere between 50 to 100 of the exchange’s employees. The raid comes as China has begun cracking down on cryptocurrency-related businesses and activities.

By Roland James

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