Former Ziraat Bank manager Prof. Dr. Şenol Babuşçu shared the details from the meeting of Binance CEO CZ and Finance Minister Nureddin Nebati on July 27.
Şenol Babuşçu says Turkey requested a liquidity channel from Binance
cryptocoin.comAs you follow, CZ and Finance Minister Nureddin Nebati held a virtual meeting. Treasury and Finance Minister Dr. After the meeting, Nureddin Nebati shared on Twitter that the topics were Blockchain ecosystem and cryptocurrencies. Later, Binance CEO Changpeng Zhao tweeted on July 31 that “a liquidity channel is a bad idea for many reasons.”
Following the development closely, Ziraat Bank’s former Deputy General Manager Prof. Dr. Şenol Babuşçu says that in this meeting, Turkey requested a separate order book from Binance. Babuscu bases his claims on CZ’s tweets after the meeting.
Şenol Babuşçu drew attention to the statements made by CZ on Twitter 4 days after the virtual meeting on 27 July and suggested the following:
In a statement on his social media account on July 28, 2022, Minister Nebati said, “We had a meeting with Binance founder Mr. Changpeng Zhao via videoconference. We made evaluations on the blockchain ecosystem and cryptocurrencies.” Changpeng Zhao, Founder and CEO of Binance, tweeted on July 31, 2022, “Some countries want a privileged liquidity channel for themselves. I told you why it wouldn’t happen”…Can you link these two tweets?
The tweet of Nureddin Nebati, Minister of Treasury and Finance of the Republic of Turkey, dated 27 July:
CZ says country-specific crypto markets are a bad idea after discussion
4 days after the virtual meeting, CZ made the following statements on Twitter. As an advocate of cryptocurrencies, CZ continues to consult with government agencies, highlighting the need to provide massive liquidity in the cryptocurrency markets after various countries have called for segregated markets and order books in their jurisdictions.
As Binance continues its global expansion, it becomes increasingly involved in policy discussions with various governments. Binance has most recently obtained a license to operate in Spain, Italy and Dubai to add to the global list of countries where it currently operates.
CZ also met with French president Emmanuel Macron in November 2021 on the development of Web3 and Blockchain technology. Binance committed $115 million to the startup at the time. Binance then received regulatory approval to operate its exchange in France in May 2022. After meeting with Finance Minister Nureddin Nebati, CZ says that the countries’ discrete order book demands are in favor of the ecosystem.
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