Binance CEO Sees Positive Progress In Crypto Regulation But It Will Be A “Long Process”

Changpeng, CEO of Binance Zhao, known as “CZ” in the crypto world, said governments around the world are making slow but “positive” progress toward regulating cryptocurrencies.

“On the regulatory side, we’ve seen a lot of positive progress on the regulatory framework,” he said in a live video call with Ryan Serkis on stage at the Messari Mainnet Conference in New York City on Wednesday. I think they are,” he said. Founder and CEO of Messari, a crypto market data company.

binance According to CoinMarketCap, trading volume in the last 24 hours was approximately $15.9 billion, with over 90 million customers worldwide, making it the world’s largest cryptocurrency exchange by trading volume. dataIt launched in June 2017 and became the world’s largest cryptocurrency exchange within 180 days.

“When regulators look at this industry, the first thing they do is borrow from what they already know, like how to regulate banks and exchanges and move it here,” said Zhao. says. “Later, they’ll realize this is a car, not a horse. This thing fits differently. You can’t put a saddle on it.”

Zhao says that when the automobile was first invented, people used two straps to drive the car, much like they would steer a horse, and the steering wheel came later. “So I think we’re still at that stage in the industry.”

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