This Dec. 19, Binance confirmed that it became the majority shareholder of Indonesian cryptocurrency exchange Tokocrypto, appointing a new CEO following the resignation of Pang Xue Kai, its founder and now former CEO. As reported by CNBC Indonesia, Binance plans to acquire all of Tokocrypto’s shares in a phased manner to operate legally in the country, as the exchange has all regulatory permits from the Commodity Futures Trading Regulatory Agency (cryptopotato).
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