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Nikkei Asia. The company was founded in in China but moved its servers and headquarters out of the country in advance of the Chinese government's ban on cryptocurrency trading in September On 28 October , Forbes staff released leaked documents showing that Binance and Changpeng Zhao created an elaborate corporate structure designed to intentionally deceive United States regulators and secretly profit from cryptocurrency investors located in the country. The charity's goal is to support the advancement of blockchain-enabled philanthropy with a focus on third-world countries.