The world’s largest crypto exchange is slowing investments in the U.S., according to a Feb. 17, 2023, Financial Times article titled “Binance chief says it will pull back on US investment for now.” The article included comments made recently by Binance’s co-founder about increased U.S. regulatory scrutiny.
Partner Joanna Wasick told the publication, “If a company uses or transacts in U.S. dollars, even minimally, it could increase the likelihood of it interacting with the U.S. financial system and therefore potentially incur the ire of regulators.”