The Block has reported that sources tell it Binance’s Shanghai office has been shut down following a police raid.

Although China recently discussed embracing blockchain, its position on crypto in general hasn’t been as friendly.

The future of crypto and China and Binance and China is still unclear, but for now employees who worked at the Shanghai office are having to work remotely.

You can learn more about this story from the Block’s, “Binance’s Shanghai office shut down following police raid, sources say.”

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