Binance CEO CZ: We strive for crypto adoption in the Philippines

Changpeng Zhao (CZ), CEO of Binance, the world’s highest-volume cryptocurrency exchange, announced that Binance is encouraging the Philippines to adopt crypto.

Changpeng Zhao August 24 from his social media account in his postHe noted that Binance is encouraging the Philippine government to adopt cryptocurrencies. CZ, a local Filipino news agency Inquirer’s He added his article on the subject.

In the Inquirer report, Binance and the FinTech Alliance adoption of cryptocurrencies and creation of regulatory frameworks with the government on in information sharing announced that he was.

According to the news, the main concerns in the government leg money laundering and illegal use around concentrated However, with the widespread use of cryptocurrencies by the government, banking activities will increase hopes.

The positive course of the meeting and Binance and the government close cooperation made participants think that Binance’s license problem would be resolved. However, according to the Philippine Securities and Investment Commission on the matter, Binance’s to request a license for in the Philippines registered should be a company, Binance is in the Philippines not registered stated has been reported.


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