Binance founder Changpeng Zhao hosted an AMA session at X. He made several announcements about the decentralized finance (DeFi) sector, Bitcoin selling, and the end of the bear market.
live now.https://t.co/e4bVfhKwRB
— CZ 🔶 Binance (@cz_binance) September 1, 2023
In particular, he called all the rumors about the sale of bitcoin crypto exchanges to support the native BNB token FUD.
Zhao noted that at any time, US regulators can access Binance.US data and documentation. However, today, according to CZ, there are no clear regulations in the cryptocurrency market.
The head of Binance also commented on the court decision in the Uniswap case, in which the judge rejected the class action lawsuit. He called it “positive for the industry” and added that DeFi is the future. CZ believes that this sector will outperform centralized finance (CeFi) by 5-10 times.
During the AMA session at X, Changpeng Zhao revealed that he did not know exactly what stage the bear market was in. However, positive signs have already appeared – for example, in Japan, Hong Kong and Dubai, regulators have become more loyal to cryptocurrencies.
Binance recently introduced new restrictions for Russians and allowed a complete exit from the Russian market.
Source: Cryptocurrency
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