Changpeng Zhao (CZ), CEO of Binance, one of the world’s largest cryptocurrency exchanges, evaluated the European Union’s proposals for cryptocurrencies.
Discussions about cryptocurrencies and regulations are increasing and deepening day by day. As new regulations emerge, cryptocurrency circles are sharing their views on the matter.
Binance CEO CZ: EU’s Crypto Demands Strict
The introduction of regulations to cryptocurrencies and cryptocurrency exchanges is a topic that is talked about all over the world. Especially the recent Terra collapse in the crypto world and the bankruptcy statements of some companies that followed have drawn attention to the regulation of the crypto world. In addition to these, the effects of the documents released by the US White House in the past days still continue.
Speaking at Blockchain Week Paris, Binance CEO Changpeng Zhao (CZ) rated the EU’s crypto proposals as somewhat fantastic and rigid.
Binance CEO CZ had this to say about the EU’s proposed regulations:
“When we look at the drafts of the project, we see that they do not accept USD-based stablecoins that have 75 percent of the liquidity in the market”
Stating that the EU has taken too strict stances about stablecoins, CZ added that he thinks Paris will become the center of crypto in Europe and in most of the world.
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