Binance CEO sees positive progress in cryptocurrency regulation, but it will be a ‘long process’ • CableFree TV

Published by
Peter Kavinsky

Binance CEO Changpeng Zhao, known as “CZ” in the crypto world, said that governments around the world are slowly but “positively” moving towards regulating cryptocurrencies.

“From a regulatory standpoint, I think we are seeing significant progress towards a positive regulatory framework,” Zhao said in a video call broadcast live on stage at the Messari Mainnet conference in New York on Wednesday with Ryan Selkis. . founder and CEO of Messari, a cryptocurrency market data company.

Binance According to CoinMarketCap, it is the world’s largest crypto exchange by trading volume with about $15.9 billion in volume in the last 24 hours and over 90 million customers worldwide. data. It was launched in June 2017 and became the largest crypto exchange in the world in 180 days.

“When a regulator looks at this industry, the first thing it does is borrow what it already knows — how it regulates banks, exchanges and brings it here,” Zhao said. “Later they will realize that this is a car, not a horse; this thing is different. You can’t put a saddle on it.

Zhao pointed out that when cars were first invented, people steered them with two belts—similar to how a horse is steered—but steering wheels came later. “So I think we’re still at that stage in the industry.”

Peter Kavinsky

Peter Kavinsky is the Executive Editor at cablefreetv.org

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