Seasoned cryptocurrency analyst adds unexpected touch to portrait of largest CEX ecosystem
Amid corporate taxpayers, it was only surpassed by Thermo Fisher Scientific Baltics , a well-known producer of restriction enzymes and DNA ladders and molecular weight markers. Also, Binance's Bifinity is surpassed by two state-owned enterprises .
DeFi Ignas noticed that Binance's Bifinity paid more taxes than four largest banks operating in the country. As per the U.S. SEC , Changpeng"CZ" Zhao, the co-founder and chief executive officer of the Binance group, is also a sole shareholder in Bifinity UAB.The researcher is sure that having such a taxpayer incorporated in Lithuania is a net positive for the Baltic state:
Lithuania is a good choice as it offers access to the EU and allows Binance to park their cash Crypto is a blessing for small countries that embrace itwas launched on March 7, 2022, as Binance's own payments technology company. It works with various fiat cryptocurrencies, fuels the payments API and is compatible with Visa and Mastercard operators.The next day, the U.K.
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