In an emailed statement to Cryptoslate, Binance denied the FT’s report that “Binance has substantial ties to China.” A spokesperson for Binance said the company does not operate in China and does not own any technology, including servers or data, in the Asian country. Binance stated that “anonymous sources cited long-ago history and dramatically misrepresented events.” Months later, the original founding members of the exchange left Shanghai, China. It has now grown into a global organization with approximately 8,000 full-time employees from more than 50 countries, 25% of which are located near the regional centers of Paris and Dubai. Foresight News reported yesterday that according to the Financial Times, Binance has been concealing its substantial connection with China for many years.