Binance head wants global standards for cryptocurrency

mylesillidge

mylesillidge

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Binance pushing for global crypto standards after FTX bankruptcy

Changpeng "CZ" Zhao, head of crypto exchange Binance Holdings Ltd., said the firm plans to spearhead an effort with other industry players to set global standards in the wake of the bankruptcy of rival FTX.

"As an industry we need to increase transparency," Zhao said at a conference in Bali, Indonesia.

[Bloomberg]
 
What of the rumours that the whole farce is due to a money-laundering operation related to Ukraine?
 
LCBXX said:
What of the rumours that the whole farce is due to a money-laundering operation related to Ukraine?
Click to expand...
dunno about that being as big as "the whole farce", but there was certainly a connection:
www.coindesk.com

Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website

FTX is converting crypto contributions to Ukraine’s war effort into fiat for deposit at the National Bank of Ukraine.
www.coindesk.com www.coindesk.com

for that matter Celsius was also collecting donations for Ukraine, donations that apparently never got to their intended destination
 
All I know is, crypto properties owned by Binance have grown exponentially, as CZ would say, stay #SAFU ;)

I like the man, but he sure is gaming social media.
 
I am curious what this vetting process will be like,

https://twitter.com/x/status/1592044496174612482

To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2

Also welcome other industry players with cash who wants to co-invest. Crypto is not going away. We are still here. Let's rebuild. 2/2
Click to expand...
 
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