Binance CEO talks about 2021

BlogJanuary 5, 2022

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2021 is a great year for crypto. It is marked by the growing popularity of digital assets, NFT, and Metaverse. Binance CEO Changpeng Zhao commented on the past year’s results and answered a number of questions regarding cryptocurrencies and exchanges.

Binance CEO talks about 2021

Achievements of Binance

CZ said that 2021 is a great year for Binance. The world’s largest cryptocurrency exchange has worked hard to get approved and operate as a crypto asset service provider in the Kingdom of Bahrain. With that, they signed a memorandum of understanding with the World Trade Center in Dubai on the establishment of a cryptocurrency hub here.

The exchange has launched a 100 million euro cryptocurrency and blockchain project called Objective Moon to develop the crypto ecosystem in France and Europe.

Wrapping up 2021, CZ addressed a few questions related to Binance and crypto in general in a YouTube video. https://www.youtube.com/embed/i9F9_pzVG7w?feature=oembed

When asked about crypto fraud, CZ drew attention to the fact that the industry is just emerging and urged people to conduct their own research before investing in crypto projects.

Binance is very strict in listing reviews.

Binance aims to provide more access to crypto and make the best efforts to list high-quality tokens. Therefore, token listing on Binance goes through rigorous due diligence.

The team goes through a rigorous selection process and looks at a variety of metrics to determine if the project is trustworthy and if it can be hosted on the platform.

DeFi

Decentralized finance is one of the main areas that has been enjoying the spotlight in the past year. Zhao spoke about the need to integrate crypto with the traditional financial industry to ensure money movement.

New regulations

In 2021 Binance has made significant progress in crypto regulations, which are crucial for accelerating mass crypto adoption and providing people with an unhindered trading experience.

To develop, the industry has to bridge the gap between crypto and fiat, which can be achieved by integrating traditional financial systems, banks, payment services, and fiat ramps. Licensing is not the only way to make this happen.

The objective is challenging, but Binance is committed to its plan of creating a sustainable and fair playing field for people while maintaining partnerships with regulators and government agencies around the world.

Investiki.com

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