Despite a disappointing response from some in the crypto business, Binance CEO Changpeng Zhao (CZ) complimented the Biden administration’s digital asset reports.

CZ said in a Twitter threat:

The reports, which were published on Friday, were an important step forward in the US government’s efforts to develop a framework for its cryptocurrency policy. It featured Treasury Department suggestions to improve regulation, increased money for research on central bank digital currency (CBDC), and initiatives to prevent the use of digital assets by unscrupulous actors.

Zhao praised the emphasis on consumer protection, fraud, and financial crime, noting that Binance welcomes the chance to collaborate with regulators.

During Binance Blockchain Week in Paris last week, the CEO hailed the European Union’s Markets in Crypto Assets (MiCA) legislation, declaring it to be a “global regulatory standard.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

CZ Praises White House Crypto Regulatory Framework

Despite a disappointing response from some in the crypto business, Binance CEO Changpeng Zhao (CZ) complimented the Biden administration’s digital asset reports.

CZ said in a Twitter threat:

The US’s whole-of-government approach to crypto regulation will bring much-needed consistency and clarity vs the current patchwork of state laws and regulations that govern this space. (3/9)

— CZ ???? BNB (@cz_binance) September 16, 2022

The reports, which were published on Friday, were an important step forward in the US government’s efforts to develop a framework for its cryptocurrency policy. It featured Treasury Department suggestions to improve regulation, increased money for research on central bank digital currency (CBDC), and initiatives to prevent the use of digital assets by unscrupulous actors.

Zhao praised the emphasis on consumer protection, fraud, and financial crime, noting that Binance welcomes the chance to collaborate with regulators.

During Binance Blockchain Week in Paris last week, the CEO hailed the European Union’s Markets in Crypto Assets (MiCA) legislation, declaring it to be a “global regulatory standard.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

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