Binance is one of a number of Shanghai exchanges that have been targeted by a circular issued by the city on Nov 14 on the management of virtual currency trading venues. Binance is no secret in the industry that it has an operations center in Shanghai. Binance's operations center in Shanghai was also shut down as a result of the trial.

Dragon TV reported today that Shanghai is cracking down on its virtual currency business, and Binance's office in Shanghai has been closed.

Binance as the industry leader, all aspects of attention must be very high. There's good and bad. However, whenever there is a media report that Binance is bad, it will be dismissed. Call all is "friend business smear", does not exist the fact. What Xiong wants to say is that Dragon TV report is also smear?
On November 21, foreign media The Block reported that Binance's Shanghai offices had been raided and shut down.

The Block reported
Subsequently, Binance official responded to this, He Yi and Zhao Changpeng in V Bo for Binance was shut down rumors. Binance said the closure of its Shanghai office after a police raid was false. Binance has no permanent offices in China and operates distributed offices worldwide.

When foreign media The Block reported that Binance had been shut down in Shanghai, Zhao Chengpeng tweeted that the news was a rumor. And categorizes The Block as an irresponsible small media outlet that uses fake news to gain attention.
The Block's news director also responded to Binance's aggression on Twitter: A new article will be published to further discuss the closure of Binance's Shanghai office. Photographic evidence will also be provided.

Binance's office in Shanghai has been closed, friends in the circle have been discussing, Binance has also been refuting rumors, Dragon TV reported today, I believe there is also difficult to identify. I don't know if it counts as a slap in the face?
Dragon TV reported the removal, and Binance Heyi Vbo said Binance had closed its offices and related tasks in Shanghai in 2017. Did The foreign media The Block and Dragon TV make a mistake in their report this time? Or was it intended to smear?

It is also very normal to say that on September 4, 2017, seven ministries and commissions of the central bank issued "Notice on preventing the financing risk of coin issuance" to stop all coin issuance and ICO activities, individuals and organizations are not allowed to engage in the issuance of tokens. Is Binance flouting the law if it admits to having an office in Shanghai? Engaged in illegal activities, so you'd rather die than admit it? You can say it's a partnership, but you can't admit it's your own.
From the closure of Binance Shanghai office, from Binance does not admit that there is an office space in Shanghai to Binance distributed office to Binance closed the Shanghai office in 2017, it can be seen that every time Binance refuted rumors every time was hit in the face. The real hammer report of Dragon TV this time can make this point clear. After all, Dragon TV won't talk about what happened in 17 years in 19 years.
Today, some exchanges are registered overseas and have their actual offices in China. Whenever there is a corresponding ZC, the exchange will block the IP and claim that it will not provide service in China. As soon as the wind died down, they came back with great fanfare and continued to circle money.