Binance in the eyes of China: Strategic inclusiveness and the only exception Binance's current size is already the ceiling. With 280 million users, trillions of assets under custody, and a global share of 41%, it is undoubtedly an empire level presence in the crypto world. And all of this is inseparable from the strategic vision and execution of founder CZ and co-founder He Yi. They have created a super enterprise that has built a global digital financial infrastructure that no one can surpass to this day. The match between the yearning of the times and identity Setting aside personal factors and luck, let's go back to the aftermath of the 2008 financial crisis. At that time, what China was most eager for was the return of talents and the creation of world-class enterprises. Li Kaifu, Shen Nanpeng, including myself, have returned to China in large numbers to start businesses, and the country has provided great support and assistance for this innovation and talent return. CZ's identity and experience perfectly match this desire. He has had deep contact with the domestic financial system and served multiple large state-owned financial institutions, including China Merchants Bank, during his tenure at Fuxin Information Technology Co., Ltd. in Shanghai. He is well versed in the operational logic and boundaries of China's financial system. In the context of mass entrepreneurship at that time, with the background of CZ and the innovative model of Binance, the Chinese government's support and attention to this Chinese sample with "world-class potential" was in line with the logic of the times. There are even reports that Binance received attention and support from central red capital in its early stages. Strategic sensitivity and precise retreat However, this identity background and strategic potential also imply an extreme sensitivity to risks. Binance is undoubtedly the luckiest because it has accurately laid out multiple times in advance: June 2017: Three months before the ban was issued on September 4th, Binance completed the offshore migration of all servers, teams, and legal entities, without leaving any network cables in China. September 4th (ban implemented): All domestic exchanges ICO、 The media community has been systematically purged. Active response: After September 15, Yuan'an actively cut off the new user registration channel in Chinese Mainland and strictly adhered to the principle of not providing RMB trading services. This is a proactive response and respect for the policy red line. Inclusiveness and Exception: The Cold Calculation Behind It During the same period, all platforms with traces left in China have undergone clearance, interviews, and heavy penalties. Only Binance has taken early action and maintained an absolute offshore status, without appearing in any public regulatory announcements in the past eight years. It is the only exception. The logic behind this is that the Chinese government is undoubtedly quite tolerant of Binance. This inclusiveness is based on its value, its proactive cutting off of domestic risks, and strategic needs in the global digital cold war. Since technological sovereignty is difficult to control, allowing this most outstanding Chinese team to compete head-on with American capital overseas will preserve an unofficial and most competitive Chinese sample card for China. Among all the samples that went abroad, Binance was the only successful sample that executed a strategic retreat in advance and engaged in global competition. Of course, why did China make such a big decision to ban it on September 4, 2017? China clearly has an absolute advantage in computing power, transaction volume, and talent, and we will explain its ultimate reasons in the last article. Please express your opinions in the comment section What were you thinking and doing during 2017-2018? The above article belongs to the sixth article of the "Who is Satoshi Nakamoto?" series, continuation four Why Binance? Why CZ? (Next tweet: Binance in the eyes of the United States, another completely opposite "decapitation" timeline) To be continued. Barbarian perspective