Changpeng Zhao, CEO of Binance, the world’s largest cryptocurrency exchange, did an interview with The South China Moning Post. In the interview published today, CZ made statements on many topics, from the regulator’s pressure on Binance to the interest of institutional investors in cryptocurrencies.
As the reason they established a centralized exchange, “we realized that we needed a centralized presence to work well with regulators. The CEO stated that they prepared for pressure from countries.
“As the largest player in the industry, we must prepare for change. We are making changes to make it easier to work with regulators. “
CZ cited many former contract regulators as examples of Binance’s approach.
Speaking about the interest of financial institutions in Bitcoin and cryptocurrencies, CZ said that “they have already understood the value of this space.”
“Financial institutions are getting in big. We see some big names bringing their traditional financial services to this space. They understood the value of this space and began to join the cryptocurrency caravan, with Bitcoin as their main interest. “
Stating that digital assets will play an important role in the future monetary network, the CEO said, “Financial institutions view Bitcoin as an investment tool, but it is still difficult to predict exactly where digital assets will be in the economy in the future. “. said.