World’s largest by trade volume cryptocurrency exchange in position Binance, It had a major regulator problem in 2021. Facing regulatory backlash from around the world and suspending its services in some countries CZ, Now it aims to change that completely. Famous CEO, in his last statement, revealed that he wants to lean on his back in Brazil.
Binance To Buy Bank From Brazil
In his statements yesterday evening, CZ stated that Binance wants to buy banks and payment companies in Brazil. EthereumRio CZ, participating in the event, wants to strengthen its 100-person teams within Brazil.
In fact, just before Zhao’s statements, one of Brazil’s securities brokerage firms Sim;paul Investimentos A memorandum of understanding was also signed between Binance and Binance. This was originally thought to be preparation before major purchases, and Binance CEO also confirmed the situation. The CEO emphasized that the stock market wants to work closely with regulators and governments, and that such purchases will serve the situation.
Binance is advancing steadily growing its influence in the cryptocurrency space, and the acquisition of a bank could change everything. Although there have been attempts in the crypto money sector before, it has not been seen yet for a crypto exchange to buy a well-established bank from the traditional financial sector. This can give Binance significant flexibility in terms of regulations.
Binance’s growth will eventually BNBcan affect .