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Binance Italy is based in Lecce

The largest exchange in the world, Binance, sets its Italian headquarters in Lecce, the capital of Salento.

Summary

  • An all-Italian Binance headquarters in Lecce
  • CZ’s interest in Italy

An all-Italian Binance headquarters in Lecce

Lecce, Salento

During the days in which the CEO Changpeng Zhao arrived in Italy in Rome, part of an European tour that began in the French capital, Paris, where he obtained the license to operate and where he announced his intention to invest 100 million euros, it turns out that Binance Italy Srl has established its headquarters in Salento and more precisely in the beautiful city of Lecce, in Via Generale Francesco Poli, although currently the company is still inactive.

The reasons why Binance has opened its Italian office in Lecce are not clear, but probably this is due to the fact that it intended to use the facilities provided for those who invest in our country in the south of Italy. 

From what are the first rumors leaked during the Italian expedition of the CEO of Binance, the Chinese company would have the intention, after obtaining the license to operate in our country, to open an office in Milan.

Buongiorno 🇮🇹 https://t.co/fz1ylu56E6

— CZ 🔶 Binance (@cz_binance) May 10, 2022

During his visit to Italy, CZ had a series of institutional meetings with some members of the M5S, led by the undersecretary for foreign affairs Manlio Di Stefano. He also attended an event organized by Blockchain Week Rome at Palazzo Brancaccio, where he was interviewed by Forbes magazine.

Forbes incontra Changpeng Zao, il fondatore dell’exchange di criptovalue Binance https://t.co/98S3VfNgga

— CZ 🔶 Binance (@cz_binance) May 11, 2022

CZ’s interest in Italy

This was the first time Zhao visited our country and his arrival was greeted by a crowd of admirers who filled Palazzo Brancaccio in Rome, where the interview with journalist Federico Morgantini of Forbes was held. 

The clear intent of his trip to Italy, as he also explicitly stated during the interview with Forbes, is to obtain a license as a financial broker to operate in Italy.

Last July, the exchange was put under investigation by Consob, the Italian financial markets authority, which warned investors that Binance was offering investment products in Italy without having the appropriate authorizations.

But Consob is certainly not the only regulatory body that has put Binance under observation in the past months for its activity. The Finance Conduct Activity (FCA), the regulatory and control body of the British financial markets, in June banned the Chinese exchange from operating on the entire English territory.

The SEC, on the other hand, opened an investigation for alleged money laundering and insider trading. In Japan, South Korea and Australia, Binance has been subjected to restrictions and investigations by local financial authorities.

   

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