world’s largest cryptocurrency Changpeng Zhao (CZ), CEO of the exchange Binance, continues to explain how Bitcoin and cryptocurrencies should be regulated.
Binance CEO: “Positive Developments Continue to Coming in Cryptocurrency Regulation”
In his statement, CZ said that the latest step taken by Australia is a new positive development for the supervision of the crypto industry:
“Positive policy developments continue.
Last week, the Australian Treasury launched the “Making Crypto Safer for Consumers” consultation series, starting with the token mapping consultancy.
This is a step in the right direction.
Adopting a risk-based approach is key to Australia’s community of crypto businesses and users, unlocking more opportunities, generating jobs and fostering innovation.”
More positive policy developments.
last week, @Treasury_AU – the Australian Treasury, kicked off their “Making Crypto Safer for Consumers” series of consultations, starting with their token mapping consult.
Some reflections 🧵
— CZ 🔶 Binance (@cz_binance) February 7, 2023
In addition, CZ argued that if the regulation of crypto assets is done correctly, it will be of great benefit to the industry:
“Regulation done correctly can be of great benefit to the industry.
It will make adoption a faster process by providing clarity and confidence for users and service providers.”
The Binance CEO also added that the crypto exchange is registered in Australia:
“Binance Australia is currently regulated by AUSTRAC and ASIC and as a result of this effort we will be one of the first companies to operate under the revised regulations.”
In his statements from time to time, CZ states that he advocates clear regulation and properly implemented in the crypto industry.
*Not investment advice.
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