Bitcoin News
Latest Crypto from multi News Outlets
  • bitcoinBitcoin (BTC) $ 22,960.00 0.03%
  • ethereumEthereum (ETH) $ 1,654.39 1.2%
  • tetherTether (USDT) $ 1.00 0.01%
  • bnbBNB (BNB) $ 328.44 0.16%
  • usd-coinUSD Coin (USDC) $ 1.00 0.2%
  • xrpXRP (XRP) $ 0.398674 1.06%
  • binance-usdBinance USD (BUSD) $ 1.00 0.15%
  • cardanoCardano (ADA) $ 0.394233 2.05%
  • dogecoinDogecoin (DOGE) $ 0.090404 0.73%
  • matic-networkPolygon (MATIC) $ 1.33 8.6%
  • okbOKB (OKB) $ 43.98 0.3%
  • solanaSolana (SOL) $ 23.30 1.53%
  • staked-etherLido Staked Ether (STETH) $ 1,651.95 1.38%
  • shiba-inuShiba Inu (SHIB) $ 0.000014 0.18%
  • polkadotPolkadot (DOT) $ 6.77 1.05%
  • litecoinLitecoin (LTC) $ 98.97 0.87%
  • avalanche-2Avalanche (AVAX) $ 20.11 0.88%
  • tronTRON (TRX) $ 0.066925 2.9%
  • uniswapUniswap (UNI) $ 6.75 0.27%
  • daiDai (DAI) $ 0.999785 0.06%
  • cosmosCosmos Hub (ATOM) $ 15.18 4.85%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 22,995.00 0.3%
  • chainlinkChainlink (LINK) $ 7.14 2.23%
  • the-open-networkToncoin (TON) $ 2.28 3.73%
  • leo-tokenLEO Token (LEO) $ 3.40 1.09%
  • ethereum-classicEthereum Classic (ETC) $ 22.65 1.12%
  • moneroMonero (XMR) $ 166.20 0.26%
  • bitcoin-cashBitcoin Cash (BCH) $ 132.64 0.46%
  • aptosAptos (APT) $ 15.23 1.57%
  • stellarStellar (XLM) $ 0.091336 1.66%
  • nearNEAR Protocol (NEAR) $ 2.72 16.81%
  • apecoinApeCoin (APE) $ 5.80 2.08%
  • crypto-com-chainCronos (CRO) $ 0.084128 4.04%
  • algorandAlgorand (ALGO) $ 0.292958 4.95%
  • filecoinFilecoin (FIL) $ 5.43 0.46%
  • lido-daoLido DAO (LDO) $ 2.45 1.65%
  • quant-networkQuant (QNT) $ 140.54 2.04%
  • hedera-hashgraphHedera (HBAR) $ 0.075366 3.23%
  • vechainVeChain (VET) $ 0.025699 4.22%
  • internet-computerInternet Computer (ICP) $ 5.78 2.08%
  • the-graphThe Graph (GRT) $ 0.179387 0.68%
  • fantomFantom (FTM) $ 0.534639 2.18%
  • the-sandboxThe Sandbox (SAND) $ 0.834315 15.41%
  • axie-infinityAxie Infinity (AXS) $ 12.14 12.29%
  • decentralandDecentraland (MANA) $ 0.759613 4.53%
  • aaveAave (AAVE) $ 86.77 1.13%
  • flowFlow (FLOW) $ 1.18 7.13%
  • eosEOS (EOS) $ 1.09 0.56%
  • elrond-erd-2MultiversX (EGLD) $ 46.34 1.4%
  • theta-tokenTheta Network (THETA) $ 1.14 0.86%

Binance CEO Zhao says don’t fight crypto, regulate it


ATHENS, Nov 25 (Reuters) – Binance Chief Executive Officer Changpeng Zhao said on Friday regulation rather than opposition of the crypto sector is a better option for world governments as digital currencies become more mainstream.

Regulation of crypto currencies has come into sharp focus following the collapse of several platforms, culminating in the crash of the FTX currency exchange earlier this month.

“I think most governments now understand that adoption will happen regardless. It’s better to regulate the industry instead of trying to fight against it,” Zhao said, speaking at a Binance event in Athens.

The opaque world of crypto came into the spotlight when FTX, a crypto exchange, filed for bankruptcy protection in the United States on Nov. 11 after traders pulled $6 billion from the platform in three days.

The collapse has left an estimated 1 million creditors facing losses totalling billions of dollars.

Nonetheless, Zhao said he expected the industry to recover. “(This year) was a very nasty year, the last two months too much has happened. I think now we see the industry is healthier… just because FTX happened it does not mean that every other business is bad,” he said.

Asked whether he saw countries adding crypto currencies such as Bitcoin to their reserves in the future, Zhao said he expected countries to start, particularly those which did not have their own currency.

“The smaller countries will start first, I think,” he said.

Reporting by Renee Maltezou, writing by Michele Kambas; editing by Anna Driver

Our Standards: The Thomson Reuters Trust Principles.



Read More: Binance CEO Zhao says don’t fight crypto, regulate it

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Leave A Reply

Your email address will not be published.