Binance’s Changpeng Zhao Drops New Crypto Prediction On Regulation

Binance’s Changpeng Zhao is addressing a new crypto prediction about the issue of regulation. Check out the latest reports about all this below.

Binance CEO Changpeng Zhao reportedly says the world’s governments should regulate the digital asset industry instead of opposing it.

Reuters reported that during a speech at a Binance event in Athens, Greece, Zhao said that authorities should embrace the industry. They should hurry in doing so, now that they know it’s becoming mainstream.

“I think most governments now understand that adoption will happen regardless. It’s better to regulate the industry instead of trying to fight against it.”

It’s important to note the fact that he believes that the industry needs to be more transparent. In an interview with Fortune Greece, he says crypto companies should prove their reserves and do more checks.

“We need to become more transparent as an industry. But it’s very difficult to know if someone wants to lie, since they are our competitor.”

Zhao’s thoughts come right after the crypto disaster stemming from the devastating impact of the FTX collapse, which has put greater scrutiny on the reserves systems of exchanges and other firms.

Despite the current turmoil, Zhao is optimistic that crypto will recover eventually.

“Just because FTX happened it does not mean that every other business is bad.”

Binance’s Changpeng Zhao just said that he is more bullish than ever on Twitter and crypto.

Here’s the tweet that CZ posted just now:

After seeing how some old-school media cover recent events, I am more bullish than ever on Twitter and Crypto.

— CZ 🔶 Binance (@cz_binance) November 26, 2022

Stay tuned for more reports, and make sure to check out our previous article in order to learn more details about CZ’s thoughts.