According to a publication by Bloomberg, Changpeng Zhao, the CEO of Binance, has sought to raise funds from various potential backers in Abu Dhabi, the capital of the United Arab Emirates. However, although the information comes from several sources, Changpeng Zhao denied the reported information.
Is Changpeng Zhao questing in the Middle East?
According to information reported by Bloomberg, Changpeng Zhao, CEO of Binancereportedly recently met with various investors in Abu Dhabi, the capital of the United Arab Emirates.
The visit was reportedly aimed at raising money for the future emergency fund previously mentioned by CZ himself on November 14 to support projects with strong fundamentals, but going through liquidity crises.
Accompanied by various deputies, the CEO of Binance reportedly met with potential backers, including some individuals linked to the National Security Advisor of the United Arab Emirates Sheikh Tahnoon Bin Zayedwho is also the son of Zayed bin Sultan El Hor Al Nahyan, the founder of the country.
According to several sources who wished to preserve their anonymity, the fund in question should not see the light of day for several weeks and the size of the fund as well as the potentially eligible projects were not mentioned during the various exchanges.
According to a Binance spokesperson, the meetings focused on large-scale cryptocurrency regulation:
“The CZ meetings in Abu Dhabi all focused on general global regulatory issues – in particular how Middle Eastern regulators could lead the world in exploring more aggressive proof of custody requirements for exchanges. of cryptocurrencies. »
Although Bloomberg mentioned different sources present during the various discussions, Changpeng Zhao refuted the news agency’s article with a single ” Fake “.
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