![]() ![]() In a new Bankless interview, Binance chief Changpeng Zhao outlines what he thinks the next big thing for crypto and blockchain technology could be. PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit. The CEO of the world’s largest crypto exchange by trading volume foresees a series of successes in the crypto industry in the next bull market. He has insisted on several occasions that Binance is not a Chinese company.īinance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. CZ was born in China but has been a Canadian citizen since the age of 12.In his answer, CZ Agreed With one commenter saying that a bull market cannot effectively happen without the Chinese people being involved.Even after the Chinese ban, a significant amount of bitcoin mining activity is still flourishing in the region. ![]() Mainland China has banned crypto entirely, but Hong Kong has chosen to press on with ambitions to become a regional crypto hub.The CEO clarified that his tweet was not “financial advice” and that the past does not predict the future.“Historically, this kind of coverage led to bull runs.” “The Chinese-speaking community is buzzing,” he said.Still, CZ sees the act of circulating crypto as a massive rapid development, calling it a “big deal.”.The news was not entirely positive for the industry, with guidelines from the SFC including rules not encouraging retail trading through stablecoins, and others explicitly cracking down on crypto “gifts” (including airdrops).CZ provided A link to the broadcast that aired on May 23, and included a 98-second segment about Hong Kong regulators “implementing a compulsory licensing system for virtual asset trading platforms” starting June 1.The executive claimed that similar coverage has served as a catalyst for crypto bull runs in the past. Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently aired a broadcast related to digital assets.
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