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Binance Is ‘In Talks with Sovereign Wealth Funds', Boosts Irish Presence
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After taking a regulatory battering earlier this year, Binance is back – or at least the world’s busiest crypto exchange will hope so. The platform has been bolstered by news that it is talking to sovereign wealth funds who are interested in “taking a stake” in the platform, that it's establishing a new base in Ireland and raising a “couple of hundred million” dollars in a forthcoming funding round in the US.
Speaking to the Financial Times, the Binance mastermind and CEO Chengpeng “CZ” Zhao stated that potential sovereign wealth fund deals would help the firm boost its “perception and relationships” with governments around the world. The media outlet noted that Zhao “declined to say which funds the company was in discussions with,” but
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