Binance CEO Changpeng ‘CZ’ Zhao has highlighted the shortcomings of liquidity segregation in individual cryptocurrency markets. After recent negotiations with governments from different countries
The CEO of Binance has been increasingly involved in policy discussions with governments as Binance continues to expand globally, with most recently Binance licensed to operate in Spain, Italy and Dubai.
Meanwhile, CZ continues to hold discussions with government agencies as a digital currency backer. He stressed the need to maintain large liquidity in the cryptocurrency market. After many countries called for a separate market and order book in their respective countries.
With Binance operating in more than 180 countries, CZ emphasizes that the liquidity of these markets will lead to greater volatility, with the Binance CEO noting that trader arbitrage helps balance cryptocurrency prices on the web. various trades
Binance works with several countries around the world to develop the infrastructure and education of cryptocurrencies, with CZ meeting with the President of Kazakhstan in May 2022 to sign an agreement to help develop legal and policy guidelines. regulatory aspects for domestic cryptocurrencies
The Turkish Finance and Finance Minister also held a virtual meeting with the CEO of Binance in July 2022 as the country will host the Blockchain Economy Istanbul.
CZ met with French Prime Minister Emmanuel Macro in November 2021 to hold a discussion on driving the development of Web3 and blockchain technology in the country. Binance then received regulatory approval to operate the exchange in France in May 2022.
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