Cardano (ADA) founder Charles Hoskinson evaluated the resignation of Binance CEO Changpeng Zhao (CZ).
Charles Hoskinson, one of the important names in the cryptocurrency market, said in a YouTube video dated November 22, Binance CEO CZ’s resignation talked about. Hoskinson describes this situation as “end of an era” while describing this as the former CEO that you have accomplished great things for the industry mentioned:
CZ was one of the greatest entrepreneurs of our time. Trillions of dollars in assets have flowed into his stock market. He was capable enough to achieve this and the market gave great confidence.
On the other hand, in the light of recent events, other actors operating in the cryptocurrency sector make important recommendations Hoskinson, who was present, said that the next process two opposite poles He suggested that it would be divided between
From this point on, people who want to take part in the cryptocurrency industry and aim to develop products to be compatible with the USA He emphasized that they will have to take risks or turn to completely decentralized and uncontrollable products.
Former Binance CEO CZ agreed to resign from his position and pay a fine as part of the settlement he reached with the US Department of Justice (DOJ). In a press release parallel to the decision on CZ, the DOJ team underlined that all cryptocurrency actors who do not comply with the financial rules of the USA will inevitably suffer the same end.