If you missed cz_binance's Twitter Space AMA with us on May 1, don't worry. In this blog, we summarise his responses in relation to questions on the topics of regulation, token listings, NFTs, and much more. Have a read 👇
On May 1, 2023, Changpeng Zhao , Binance’s CEO, spent an hour on Twitter Spaces, answering questions from the audience. Here’s a summary of his responses.
From the crypto community’s perspective, we shouldn’t rely on the failure of others for our success. We should make crypto easier to use, with more utility, use cases and adoption, so that we increase the usage and value of crypto. I don't view it as a zero-sum game. Crypto can coexist with banks and traditional fiat currencies. We just have to make what we do better.
ID verification is an important part of our security and compliance systems. Binance is probably one of the few global crypto exchanges to have enforced global KYC processes. Even today, there are many smaller exchanges that do not enforce full KYC. But we feel that we need to lead by example when it comes to compliance.
Other than that, there's a lot of little challenges here and there. The industry is so new that it's not going to be easy. So we have got to continue to keep our heads down, build products people use, and work closely with governments and regulators all around the world.How popular does a meme coin have to become before Binance lists it?I can't comment on any listings or projects.
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