Main crypto change Binance took a compliance-friendly strategy to its enterprise after years of a cat-and-mouse sport with regulators world wide, and it labored surprisingly nicely when it comes to person retention, in line with a brand new interview with Binance CEO Changpeng Zhao.

Chatting with Bloomberg Information, Zhao famous that Binance made Know Your Buyer (KYC) processes necessary “for international customers, for each function” in a bid to draw new customers as a regulatory-compliant enterprise. He revealed that Binance misplaced about 3% of the customers after making KYC compulsory.