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Binance co-founder CZ dismisses crypto exchange sale rumors

Changpeng Zhao stated that “Binance is not for sale” in response to rumors that emerged following significant asset movements, particularly with Bitcoin. Yi He echoed this sentiment, indicating Binance’s openness to acquiring rival exchanges.

Binance remains under regulatory scrutiny in France over allegations of money laundering and tax fraud, while in the U.S., recent developments in their legal case have allowed a pause for assessment. Zhao’s prior legal troubles highlight the challenges facing the exchange.

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