The chief executive officer of Binance crypto exchange said that regulatory clarity will help to push crypto adoption in the non-crypto sector.
Changpeng Zhao is a popular personality in the crypto & non-crypto sector. In the non-crypto sector, he is popular as a wealthy person in the world. The estimated net worth of Zhao is at least $96.5 billion, as per Bloomberg Billionaires Index. Zhao is the CEO & founder of the Binance crypto exchange. Due to highly secured crypto services, Binance is standing at the first rank in the crypto industry, in terms of 24 hours global crypto trade volume on its platform.
Recently Zhao appeared in an interview with Yahoo Finance, where he talked about the main factors, which can practically push the adoption of crypto in the non-crypto world, where people are not showing interest in cryptocurrencies.
Zhao said that better & clear crypto laws will help to push the crypto & blockchain sector adoption.
“I do believe that having regulatory clarity will ease adoption. There is a group of guys who got into crypto early, many of them may be libertarians, anarchists, etc. They hate any kind of regulation,” Binance’s CEO said.
Further, Zhao said that 90-95% of the world, which are not in the crypto sector, may find it easy to get into crypto because of crystal clear regulatory laws.
Crypto billionaire further pointed out that not all crypto regulatory frameworks are good. Zhao indirectly dragged the Crypto ban policy of China, where no one is allowed to deal with crypto assets in any way.
“Bad regulations are bad. Good regulations are good.”
Zhao also responded to the comment passed by the US Securities and Exchange Commission (SEC) chairman, who said that majority of the Crypto assets are Securities. Zhao said it is only a simplistic view of the SEC chairman.
According to Zhao, there are huge numbers of crypto assets that are different from each other by nature & use cases, and also he can distinguish many crypto assets which are not Securities.
Read also: Solana network is now live following an outage on 30 Sep
Regulatory clarity will ease adoption, says Binance CEO
https://bitcoinik.com/regulatory-clarity-will-ease-adoption-says-binance-ceo/feed/
https://bitcoinik.com/regulatory-clarity-will-ease-adoption-says-binance-ceo/feed/
Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!
How does it work?
- Select Trade in the main menu, then select Trading bot.
- Select a spot trading pair from the Trading bot menu.
- Select Moon Grid from the listed strategies.
- Enter the amount you want the bot to trade and click Create.
- Your bot will then be live.
- To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
