China is now much more serious than it was in 2017 and other previous years on its cryptocurrency ban, Binance’s CZ believes.
He also revealed that Binance is committed to becoming regulatory compliant and that he has been having positive sitdowns with regulators globally.
China is not playing around this year with its cryptocurrency ban, Binance CEO believes. In an interview, Changpeng Zhao revealed that any attempts to serve Chinese users are being blocked, including sending of one-time pins (OTPs) and email verification. However, CZ is committed to ensuring Binance becomes regulatory compliant at a time when it has faced mounting scrutiny.
As CNF reported recently, Binance published a Bill of Rights, advocating for universal access to financial tools, including cryptocurrencies, for economic independence. It also outlined the responsibilities that cryptocurrency platforms owe to their users, including accurate ads and high liquidity.
Read More: Binance publishes Bill of Right
