Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. REUTERS/Tom Wilson/File Photo
"We're in a new industry, we've seen in the past week, things go crazy in the industry," Zhao told a gathering of G20 leaders at the summit in Bali. "We do need some regulations, we do need to do this properly, we do need to do this in a stable way." "I think the industry collectively has a role to protect consumers, to protect everybody. So it's not just regulators. Regulators have a role but it's not 100% their responsibility," Zhao said.
regulations? then it's not gonna be crypto anymore!!!
Now everyone wants regulatory clarity....sounds so scripted.
Don´t worry, Ripple is helping on that!
Decentralized currency is the best next invention right after Communism.
A network of criminals, grifters and swindlers.
Lol
Centralise the decentralised system... Sound like the fairy tale is ending with the death of the hero
Yes, closure !
Is he clear at all?
Central banks are worried
I thought lack of regs was their selling point
Banking systems should be named industry?
but crypto will beat the state, 😥
Hilarious!!! Binance is based in the Cayman Islands. Come onshore then, and get regulated.
Shamwow now you need the shimmy
Now he tells us
Crypto is a ponzi scheme designed to launder money. It needs to be stopped.