# Crypto News

By [Sunny Gujjar](https://paragraph.com/@sunny-gujjar) · 2023-03-25

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Founded in 2017 by Changpeng Zhao, Binance initially operated from China before relocating its headquarters in response to the Chinese government's cryptocurrency trading regulations.

The exchange has faced multiple challenges in recent years, including [investigations](https://cryptonews.com/news/binance-crypto-exchange-braces-for-regulatory-onslaught-can-crypto-giant-withstand-escalating-pressure-from-us-authorities.htm) by the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses.

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*Originally published on [Sunny Gujjar](https://paragraph.com/@sunny-gujjar/crypto-news-3)*