Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized.
Binance’s CEO on Crypto Regulation After FTX Collapse
The CEO of Binance, Changpeng Zhao (CZ), talked about cryptocurrency regulation following the collapse of crypto exchange FTX Friday at a Binance event in Athens, Greece.
Менимче, азыр көпчүлүк өкмөттөр бала асырап алуу эч нерсеге карабастан болоорун түшүнүшөт. Буга каршы күрөшкөндүн ордуна тармакты жөнгө салса жакшы болот.
FTX, a major cryptocurrency trading platform, collapsed and filed for bankruptcy on Nov. 11. An estimated 1 million creditors are facing losses totaling billions of dollars.
Zhao has compared the FTX meltdown to the 2008 financial crisis. He also warned of каскаддуу эффекттер. Nonetheless, he said he expects the crypto industry to recover.
CZ said that this year “was a very nasty year,” elaborating:
The last two months too much has happened. I think now we see the industry is healthier … just because FTX happened it does not mean that every other business is bad.
үчүн restore confidence in the crypto industry, Binance has committed two billion dollars to a crypto industry recovery fund. The exchange берилген details of the initiative this week.
Responding to a question about how he sees countries adding cryptocurrencies, such as bitcoin, to their reserves in the future, Zhao said he expects countries without their own currency to lead the trend. He opined, “The smaller countries will start first, I think.”
In September last year, El Salvador became the first country to make bitcoin legal tender alongside the U.S. dollar. Since then, the country has bought thousands of BTC for its Treasury. El Salvador is now сатып алуу one bitcoin daily, Salvadoran president Nayib Bukele announced last week.
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баш тартуу: Бул макалада маалымат максатында гана болот. Сатып алуу же сатуу боюнча сунушту түздөн-түз сунуш кылуу же кандайдыр бир өнүмдөрдү, кызматтарды же компанияларды сунуш кылуу же жактыруу эмес. Bitcoin.com түзүп, салык, юридикалык же бухгалтердик пикирин бере албайт. Да, коом да, жазуучу менен шартталган себеп же болжолдонуп жаткан ар кандай жоготуу же бул макалада айтылган ар кандай мазмун, же кызмат боюнча же көз каранды пайдаланууга байланыштуу, түздөн-түз же кыйыр түрдө жооптуу болуп саналат.
Source: https://news.bitcoin.com/binance-ceo-most-governments-understand-crypto-adoption-will-happen-regardless/