Chapter 297 The Sorrow of the Richest Man in China
Chicago, 77th floor of Willis Tower.
Here is the headquarters of Ethereum in the United States.
At this time, you can see a large number of people in suits and ties walking out of the office and pouring into a conference room.
“I believe everyone already knows about the IRS’s roll call. What do you think?”
The founder of Ethereum, Viklin Sirmog, looked at the senior executives who were sitting after entering.
“This David is so powerful, even Satoshi Nakamoto was dug out by him, and now that our names have been publicly named, if we don’t ‘come forward’, the outcome may not be good. . ”
“In terms of encryption level, Bitcoin’s technology is much more mature than ours, but David can still find clues. If he wants to mess with us, we will definitely not be able to escape.”
“Bitcoin has collapsed, and we are in big trouble this time...”
Strictly speaking, the reason why Ethereum was born was actually borrowed from founder Wakelin’s The Bitcoin model was created from this.
Today, although the value of Ethereum is far less than that of Bitcoin, it has firmly established itself as the second largest cryptocurrency.
But no matter what, the leader of the currency circle, Bitcoin, has fallen, and now they have been publicly named, so a group of senior executives feel that they may be spared this time.
“So according to what you want, we should honestly ‘submit’ to the IRS?”
Wicklin was a little dissatisfied with the sighs and sighs of everyone present.
You know, according to data released by the IRS, Bitcoin has paid 20 billion in taxes.
Although their market value and profits of Ethereum are not as large as that of Bitcoin, it has reached nearly half the size of the latter. In conversion, that 10 billion will definitely not be able to escape.
Who can be willing to hand over such a huge tax?
"No, no, no, Mr. Wakelin, but the IRS is powerful and David's methods are extremely powerful. I think we will definitely not be able to fight against him. I think we should 'ask for help'."
The reason why Bitcoin is so popular is because the Illuminati is working hard behind the scenes.
The rise of Ethereum also has a driving force.
In early 2017, more than 20 of the world's top financial institutions and technology companies, including Mogen Chase, Chicago Exchange Group, Bank of New York Mellon, Thomson Reuters, Microsoft, Intel, and Accenture, established an Ethereum investment alliance.
With the support of this alliance, Ethereum was finally able to break out of the siege and become the second largest player in the cryptocurrency circle, with a market value of nearly 500 billion.
Wakelin frowned. After weighing the pros and cons, he felt that it was really difficult to fight against the IRS and David with his own strength. Finally, he picked up the phone...
< br>46 Elliott Bay, Seattle, where Binance Exchange is located.
In this high-rise office, a Chinese-faced man with glasses showed a sad expression.
His name is Zhao Changpeng, a legendary figure in the 21st century.
He was born in China and immigrated to Canada at the age of 12. He entered the currency circle in 2014. In June 2017, he officially founded the digital currency trading platform Binance (a global cryptocurrency exchange) and served as the chief executive. executive officer.
In July of the same year, he launched his exclusive blockchain currency-the digital currency "Binance Coin".
Binance raises $15 million in initial coin offering and continues to maintain industry leadership by becoming the world’s largest cryptocurrency exchange in less than eight months.
In February 2018, Forbes released the first rich list in the field of digital currency. Zhao Changpeng ranked third with a net worth of US$1.1-2 billion, becoming the only Chinese in the top ten at that time, and was listed on the list. Cover of Forbes magazine
However, this is just the beginning for him. What really brought him to the top was at the end of last year, when he became the new richest man in China with a net worth of US$94.1 billion. This not only shocked the world, but also made the world realize that he is so Number one.
Afterwards, someone conducted an investigation on him and discovered something astonishing.
In 2017, Zhao Changpeng was just an unknown person, and his net worth was not even high.
However, by 2021, he has accumulated a net worth of US$94.1 billion at a rocket-like speed. However, all of this was completed in just 5 years.
This seems to be the fastest person to accumulate wealth since the 21st century, bar none!
In fact, it is not that the currency Binance has much value. Strictly speaking, the currency Binance is far inferior to Bitcoin and Ethereum in the cryptocurrency world.
The main reason why Zhao Changpeng became the richest man in China in just a few years is that he built the Binance Exchange, which has also become the world's largest cryptocurrency trading platform.
Cryptocurrency exchanges and cryptocurrencies can be viewed as the relationship between stocks and stock exchanges. As a party to the exchange, you can charge handling fees through transactions generated therein.
This is like Egypt, which has mastered the Suez Canal. It is difficult not to become rich.
"Chang Peng, we all know that Satoshi Nakamoto is by no means a 'mortal'. As powerful as he is, he fell into the hands of David. If we fight, there will be no good end."
< br>
In the office, besides Zhao Changpeng, there is another Chinese man sitting. His name is Lin Huaide, who is Zhao Changpeng’s close friend for many years and is also a shareholder of Binance.
Zhao Changpeng said nothing, obviously acquiescing to the other party's words.
Before Binance was established, he sold a house in Shanghai and joined the Bitcoin circle with $1 million.
Having been in this circle for so long, he certainly knows what Satoshi Nakamoto means.
And now even this legendary figure (organization) has failed, let alone Binance.
"Huaide, what do you mean, we have to go find David to declare his tax situation on his own initiative?"
After a long silence, Zhao Changpeng uttered his first sentence.
“As you know, as Binance has grown in size, many people have become red-eyed. During this period, the Ministry of Justice has been investigating our blockchain trading platform. It is obviously They want to kill us as fat pigs. If we provoke the IRS again at this time..."
Lin Huaide pouted and did not say any more, but his meaning was already obvious.
When he heard that the Ministry of Justice was investigating them, Zhao Changpeng's expression became even more sad.
Binance is different from cryptocurrencies such as Bitcoin and Ethereum. The success of the latter two is inseparable from the operation of capital behind them.
The main reason why the former Binance is successful is actually relying on the popularity of Bitcoin and Ethereum.
It can also be said that precisely because of the rise of cryptocurrencies such as Bitcoin and Ethereum, the exchange Binance has also risen with it.
After seeing their rise, a lot of capital naturally wanted to get involved and get a share of the pie, but they were all rejected by Zhao Changpeng, who did not want to be controlled by others.
The consequence of rejecting these capitals is that they are now facing investigation by U.S. law enforcement agencies.
Of course, there is actually another most important reason why American law enforcement agencies want to investigate them.
That is, Zhao Changpeng is not one of his own people as some people in the United States think.
In the United States, Chinese Americans are already very wary of all aspects, and he controls a gold-eating beast like Binance, so it is difficult not to be messed with. "Wait a minute Huaide..."
After thinking for a long time with a frown on his face, Zhao Changpeng suddenly looked as if he had thought of something, and then said: "Tell me, is it possible for us to ask Is the IRS taking advantage of this situation to put pressure on the Ministry of Justice?”
If there is any department in the United States that scares the Department of Justice the most, it is the IRS.
After all, no one is afraid that their tax problems will be targeted by the IRS.
Lin Huaide was also a little moved when he heard this, but he soon turned calm and said: "If the IRS can put pressure on the Ministry of Justice, then our crisis can indeed be resolved, but why do they Help us?"
"We can pay taxes, even if we pay more, it doesn't matter, as long as they are satisfied and say something to us, it will be worth it."
Ministry of Justice. The investigation into Binance is not just about asking for money, it is obviously about control.
If control is lost, it will be worse than killing him.
So in Zhao Changpeng's view, even if it costs more money, as long as it can ensure safety, it is worth it!
"Pay more taxes..."
Lin Huaide still finds it very difficult, because according to the rules and regulations of the Internal Revenue Service, they have the right to collect taxes, but they cannot interfere with the law enforcement of other departments. action.
For example, the Ministry of Justice is currently investigating Binance on the grounds of money laundering. This is not a tax issue, and the IRS has no reason to intervene.
"Oh, by the way, as far as I know Director David is of Chinese descent. We may be able to use this as a bridge and be more active in tax matters. This may be able to impress him, as long as he can help us Saying even one word can solve our current predicament!"
Do we mean that the Ministry of Justice is afraid of David?
The answer is definitely afraid.
In fact, not only the Department of Justice, but now there are few black and white people in the entire United States who are not afraid of David.
So as long as David is willing to say a word for their Binance... Oh no, it goes without saying, as long as they can obtain David's permission and use his banner, then the Ministry of Justice will definitely Be afraid.
"This...if Changpeng thinks this is feasible, then let's give it a try..."
The situation Binance is facing now can indeed be said to be desperate. If there is no external force to intervene, then They would definitely become lambs to be slaughtered, so Lin Huaide agreed to give it a try.
After obtaining the consent of his partners, Zhao Changpeng immediately picked up the phone on the table: "Susie, help me organize our tax account books in detail..."
At the same time, in addition to the two giants in the cryptocurrency circle, Ethereum and Binance, other large and small cryptocurrency companies also held emergency meetings in response to David's name.
With the global heated discussion on this matter, the time came to the next day.
A large number of media reporters from the Los Angeles Internal Revenue Service came here early in the morning to see if anyone from a cryptocurrency company would come to declare their tax status today, and which companies and figures came first.
“Do you think people from Ethereum will come today?”
“Not necessarily from Ethereum. I heard that there are many consortiums behind them and they involve many people, so I think, USDT may arrive first.”
“Not only USDT, but Binance, as the world’s largest trading platform, I think they may also arrive today.”
Hot discussion on the entire network. Next, the time came to 10 am.
At this time, a Maybach arrived and attracted everyone's attention.
Under the attention of everyone, the car door opened. When they saw Zhao Changpeng and Lin Huaide coming down, the media at the scene instantly burst into an uproar.
“That’s Binance CEO Zhao Changpeng and company shareholder Lin Huaide!”
“Sure enough, the first one to arrive was the giant Binance, and I didn’t know they needed it this time. How much tax should be paid?”
“It is said that Binance has been subject to repeated investigations by the Department of Justice recently, and the IRS is a more ruthless agency than the Department of Justice, so it seems normal that they will be the first to come. ”
"..."
Amidst the discussion, Zhao Changpeng and Lin Huaide walked in.
In the office upstairs, David was slightly startled when he heard that the first person to arrive was Binance, and then some information about Binance emerged in his mind.
The largest trading platform for cryptocurrencies.
The founder, Zhao Changpeng, became the richest man in China at the end of last year.
Putting away his thoughts, David said to the phone: "Bring David to my office."
Seven or eight minutes later, the door was knocked. After getting his response, Zhao Changpeng and Lin Huaide and the two pushed the door open and entered.
"Hello, Director David."
While extending his hand, Zhao Changpeng also directly sent a greeting in Chinese. This move was also intended to bring closer relations.
“Hello, Mr. Zhao.”
In any case, after all, she was the first one to come after he called her name, which could be regarded as a sincere example, so David did not make any gestures and responded in Chinese.
After hearing this Chinese response, Zhao Changpeng was a little excited.
He had learned that David was of Chinese descent, but he didn’t know if he could speak Chinese. What he didn’t expect was that not only could he speak Chinese now, but he could do so fluently and standardly. This also made him feel that he could speak Chinese. The purpose of building relationships can be regarded as the first step.
"Oh, by the way, Director David, this is Mr. Lin Huaide, a shareholder of our company."
"Hello, Mr. Lin Huaide."
"Hello, Director David."
"Please take a seat, both of you."
After sitting down, Zhao Changpeng eagerly took out a piece of information from his briefcase, handed it over and said: " At your request, Director David, we are here today to declare the tax status of our Binance company. Please check it.”
David nodded slightly, took the information and looked at it carefully.
……
...
PS: I don’t know if you have read the recent news that currency circle tycoon Zhao Changpeng was punished by the American government. So, do you hope that David can help him in the book?
(End of this chapter)