Binance CZ Admits That BNB Chain Needs More Improvements
CZ Talks About DeFi And Regulatory Issues He expressed his belief that DeFi is the future, asserting that it could grow to be five to ten times the size of centralized finance (CeFi). As for the current state of the crypto market, CZ acknowledged the difficulty in pinpointing which stage of the bear market we are in. advertisement However, he pointed out encouraging signs such as regulators in countries like Japan, Hong Kong, and Dubai becoming increasingly accepting of cryptocurrencies. These shifts in regulatory attitudes hint at the growing legitimacy and adoption of digital assets. Regarding Binance’s regulatory relations across the globe, CZ detailed that Binance has obtained three different registrations in various markets. Each market, he explained, has slightly different levels of development and regulatory oversight. Notably, Dubai has established the Virtual Assets Regulatory Authority, to oversee cryptocurrencies. While engaging with Dubai regula...