Binance CEO, CZ Responded To Regulatory Pressures

 The binance CEO responded to the pressure his exchanges is currently facing from financial regulators in some countries


Changpeng “CZ” Zhao cited that he is aware of the recent developments and his team are currently on top of the issues surrounding its operations in some countries. He reiterated that, the pressure is part of the company's development stage.

CZ said that there are many regulations around the cryptocurrency operations that needs to be complied to. The cryptocurrency space is is growing exponentially and their is need for clearer regulations in different countries





In his letter, the CEO reiterated that his exchange possessed requirements for using his platform including stringent insider trading policies where users are unable to actively trade any asset within a 30-day period.

Moreover, he pointed that binance has the requirements needed to operate in the cryptocurrency market. “We also recognize that with growth comes more complexity and more responsibility.” said CZ

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