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Binance has registered a domain name with the Chinese government

It seems that Binance is heading more into the Chinese market because the exchange has registered a domain name with the Chinese government. Surprisingly, the Ministry of Industry and Information Technology in China has approved Binance’s domain name, Binance.cn, until April 2020.

binance-has-registered-a-domain-name-with-the-chinese-government

Binance registers domain name with the Chinese government

Binance’s domain name has been registered under Shanghai Bi Nai Shi Information Technology LLC, which has the same pronunciation as Binance in Chinese. Accordingly, the company’s representative, Junxi He, had two other companies registered under his name. As such, all three companies have been registered within the past three months and own similar pronunciation names to Binance.

On the website, Binance claims to be the world’s leading blockchain ecosystem developer and has been dedicated to the development and commercialization of the blockchain technology.

Binance then declared:

“The services aim to provide in China include consulting, research, development, charity, and investment in the blockchain industry. These include a series of explanatory blog posts on a few basic concepts in blockchains, cryptography, and finance.”

Binance’s new website appears to be part of the company’s new initiative for a blockchain research institute in China. In March 2020, Binance Academy announced that it had established a research institute for blockchain technology research and development. A representative for Binance confirmed this connection when reached.

As AZCoin News reported, it seems that China’s legalization of cryptocurrencies is not impossible. According to sharing from Molly, Head of Marketing of HashKeyhub, the Industry, and information technology department of Hainan is currently assisting businesses operating in the cryptocurrency sector. And nothing is more surprising when Huobi is preparing to work in Hainan.

As such, it seems that Huobi has been running a blockchain-as-a-service campaign in China. It is known that, in addition to the information mentioned above, Huobi is a member of the Blockchain Service Network, an organization supported by the Chinese government-backed think tank State Information Center to provide the blockchain technology as a service to both domestic and oversea businesses.

Similar to Binance Academy, Huobi also operates an educational institute named Huobi University that has been operating for more than a year in China.

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