New Attack Coming From Binance: CZ Decals To This Country!

It has recently achieved regulatory approval in France. Binance, this time it looks like he has turned his face towards Italy.

Company CEO Changpeng ‘CZ’ Zhao met with important Italian politicians, including the country’s former prime minister, Giusseppe Conte, during his recent visit to Italy.

The meeting was held with the 5 Star Movement, a popular Italian political party pushing for more digital technology adoption in the country.

CZ announced the meeting in a tweet. The famous CEO also added that he will give a speech on finance and money in Rome.

Binancians in Italy are early birds. See you at the event soon. 🥰 pic.twitter.com/fPYolC4f02

— CZ 🔶 Binance (@cz_binance) May 10, 2022

Is Italy the Next Target in Binance’s European Attack?

CZ’s meeting with important Italian politicians, cryptocurrency The stock market is interpreted as preparing to lobby for regulatory approval in Italy.

The meeting took place at the Ministry of Foreign Affairs and International Cooperation in Rome, an official government building.

Conte said that the meeting was also held to inform the government about cryptocurrencies and Web3 technology, and pointed out that Rome is preparing to bring more regulation in this area.

In the current situation, Italy’s regulations in the field of crypto money and taxation of this sector are considered insufficient.

Italy’s legal system still does not contain a general definition for cryptocurrencies. However, some courts in the country have recognized some tokens as “financial instruments” in the past.

This latest move by Binance comes a year after Italy’s market controller claimed last year that the cryptocurrency exchange was unauthorized to operate in the country.

*Not investment advice.