Binance Founder Admits: Blocking U.S. Users from Day One Would Have Avoided Regulatory Risks

Early Mistakes in Decision-Making

During the Davos forum, the founder of Binance spoke with CNBC about the different choices he would make if he had the chance to start over. He admitted that the core issue lies in regulatory risks. When initially building the technical platform, they did not realize they would violate the Bank Secrecy Act.

Key Measures for Regulatory Avoidance

The founder mentioned that the technical platform initially did include U.S. users, while he was based in Shanghai, and the company was just a small tech startup. It wasn't until about six years later that they realized this approach might break the law.

Reflection on Future Strategies

If he had known about these legal risks from the beginning, he would have blocked U.S. users from day one. This measure could significantly reduce subsequent troubles and help the company develop more smoothly.