Binance CEO Applauds New EU Crypto Regulatory Conditions
Binance is ready to adjust its services to comply fully with the new regulatory conditions passed by the European Parliament, according to Changpeng Zhao (CZ), CEO of Binance Exchange. CZ made the statement in a tweet following the lawmakers’ votes in favor of a new crypto regime in the EU. The European Parliament voted for MiCA to be implemented. This means one of the world’s largest markets is introducing tailored regulations for crypto to protect users and support innovation. The fine details will matter, but overall we think this is a pragmatic solution to… — CZ Binance (@cz_binance) April 20, 2023 CZ stated the process is pragmatic and provides clear rules for crypto exchanges to operate in the EU. According to him, the move will introduce tailored regulations for crypto to protect users and support innovation. However, while acknowledging the overall process to be a good idea, CZ noted that the fine detail that will come up later would matter. On Thursday,...