Binance denies reports that it is considering investing in Union Bank of Vaduze

Zhou Wei, the chief financial officer of Binance, denied reports that "Binance is considering investing in Liechtenstein's Vaduzer Union Bank or has applied to the Financial Markets Authority to become a shareholder of the bank". Earlier, Finance Magnates reported that Binance was considering investing in Liechtenstein's Vaduzer Union Bank. It is said that the Liechtenstein Financial Markets Authority (FMA) and Binance representatives held a meeting, and the FMA is likely to accept Binance as a shareholder.