The post Binance CZ Urges Govt to Take a More Relaxed Approach to Crypto, Here’s Why! appeared first on Coinpedia Fintech News
After running the biggest crypto exchange in the world, Binance’s Changpeng Zhao (CZ), who has recently been free from the guilty charges of money laundering after paying a $50 million fine. CZ has stepped into a new role of advising the government and asking “govt to take a more relaxed approach towards crypto.”
Let’s find out why!
CZ’s Message to Governments
Changpeng Zhao (CZ) has been working closely with government officials across Asia to shape the future of blockchain and digital assets.
During his recent visit to Kuala Lumpur, Malaysia, CZ spoke at the Ritz-Carlton, where he shared how countries like those in the Middle East have been successful in their crypto policies.
“I always encourage governments to take a more relaxed approach.” He explained that when governments don’t over-regulate, businesses and technology can grow freely and thrive.
Middle Eastern Countries Leading the Way
CZ pointed out that Dubai is a great example of how a crypto-friendly approach can benefit a country. He shared that it only took him 24 hours to get a golden visa in Dubai. He further mentioned that Binance received a full operating license in Dubai in 2024.
This shows that when a country supports crypto, it can help businesses grow and create opportunities.
U.S Softening Stance Towards Crypto
CZ pointed out that the global attitude towards crypto is changing. He mentioned that since Donald Trump became president, the U.S. government has become more supportive of crypto.
These changes are encouraging other countries to take a similar approach, making it easier for crypto businesses to grow and succeed around the world.