The CEO and founder of crypto exchange Binance, Changpeng Zhao (“CZ”), said that regulation is not necessarily a bad thing for the crypto industry.
“If I was a regulator, the most logical thing I would do is to look at the existing regulations in the traditional financial space and bring them into crypto,” CZ said, before noting that the crypto industry is significantly different from traditional finance.
The Binance CEO also added that he was not—unlike many others in the industry—a libertarian or an anarchist. “There are many extreme libertarians that believe we have functioned well without any rules, without any government intervention,” he said, adding, “I don’t think as a society we are quite ready for that, at least in my view, I don’t know how we’ll keep ourselves safe.”
Binance’s relationship with regulators
Binance has a complicated relationship with regulators and has thrived (so far) by skillfully navigating cryptocurrency regulations.
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Źródło: https://decrypt.co/66876/binance-ceo-i-would-bring-traditional-financial-regulations-to-crypto
