CZ believes that nobody smart would use cryptocurrencies to evade sanctions.
Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions.
However, concerns regarding deep-pocketed Russian oligarchs trying to slip past the impact of Western sanctions by using cryptocurrencies have also heightened. CZ, for one, believes that “nobody smart” would choose crypto to do that.with CNN, CZ highlighted that crypto is too traceable due to the underlying blockchain technology and added,
Binance had joined other cryptocurrency giants such as Coinbase and Kraken in declining to unilaterally freeze millions of Russian user accounts even though it said that the platform complies with government sanctions.When asked about his take on the ongoing war, CZ said that Binance is totally against it, the politicians, and dictators who start wars. However, the exec went on to clarify that,
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Will Launch the Second Learn & Earn - Earn Free Crypto by Completing Courses & Quizzes! | Binance SupportFellow Binancians, Binance is excited to announce that we will soon launch the second round of 'Binance Learn \u0026amp; Earn', where users can gain knowledge on blockchain and earn crypto by completing...
Read more »
Judge Dismisses Lawsuit Against Binance for Allegedly Selling Unregistered Crypto Securities – Exchanges Bitcoin NewsA lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit.
Read more »
Elon Musk Takes 9.2% Stake in Twitter Worth Almost $3BUPDATE: Musk has bought almost 73.49 million shares in Twitter, which would be worth $2.88 billion based on Twitter's last close. By parikshitm899
Read more »
MicroStrategy Buys $190.5M Worth of Bitcoin.MicroStrategy acquires an additional 4,167 BTC, putting their total Bitcoin holdings at a substantial figure of 129,218. Read more ⤵️
Read more »
On Cryptocurrency & War | HackerNoonCryptocurrency can be used for pizza...and war? This article looks at how Russia and Ukraine are both using crypto to their advantage.
Read more »