Tag: Changpeng Zhao

CZ highlighted examples such as regulatory complexity and capital requirements as reasons why he isn’t keen on Binance buying a bank. Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia. The collapse of several U.S….

Changpeng ‘CZ’ Zhao has refuted claims made by the Commodities Futures and Trading Commission in its March 27 complaint against Binance. Binance CEO Changpeng “CZ” Zhao has rejected allegations from the Commodities Futures and Trading Commission, arguing that the crypto exchange “does not trade for profit or ‘manipulate’ the market under any circumstances.” In a March…

Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims. The surprise lawsuit from the Commodity Futures Trading Commission (CFTC) against crypto exchange Binance sent shock waves across the markets today. In addition to allegations of market manipulation and a lack…

Binance’s Patrick Hillman answered a letter from United States Senators requesting information on Binance’s operations in the country and its relationship with Binance.US. Binance has answered a letter from United States Senators from early March requesting information about the crypto exchange operations in the country, including its balance sheet. According to a report on March 18,…

The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs. The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto….

While the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades. As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng “CZ” Zhao believes this move could potentially have…