NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Binance CEO Changpeng Zhao States “Compliance Is A Journey”

Asad Gillani
Asad Gillani
4 years ago
3 mins read
Binance CEO Changpeng Zhao States "Compliance Is A Journey"

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

There has been a lot of developments in the crypto space since its inception. But it seems that the regulatory authorities are waking up to strengthen the system.

Amid such concerns, Binance CEO, Changpeng Zhao, opines that the crypto industry might grow and develop, but the regulatory framework is not defined.

According to him, Binance is not anti-regulation. But instead, the exchange is willing and ready to cooperate with the regulators.

Related Reading | Allied Payment Partners NYDIG, Adds Bitcoin To Corporate Treasury

Changpeng Zhao made this statement in a Tuesday open letter where he also mentioned that the industry had grown a lot since the launch of Binance in 2017.

Therefore, all the regulatory issues surrounding crypto haven’t deterred the players in the industry from pushing forward with growth and expansion.

Is Binance Regulatory Compliant?

There has been a lot of regulatory issues around the four-year-old crypto exchange Binance. Many countries had halted their operations due to non-compliance with financial laws.

While addressing this situation in the open letter, Zhao mentioned that the team is willing and eager to collaborate with regulatory authorities.

According to the CEO, Binance aims at becoming a positive contributor, and compliance with laws is the best way to do it.

But given what is happening in the crypto industry, the Binance CEO also mentioned that there is no clear regulatory framework for crypto in many countries.

But even at that, he opines that the more the push for regulations increases, the easier it will be for the crypto industry to emerge solidly.

The regulations mean more maturity, and with that, there will be more trust, participation, adoption, and expansion.

Related Reading | TA: Ethereum Gearing For Another Lift-Off, Why Rally Isn’t Over Yet

When people discover that there are regulatory guidelines for crypto operations, their trust will increase, thereby driving more adoption. As for compliance, the CEO stated that it is a journey for new emerging industries such as cryptocurrency.

He, however, mentioned that as the industry grows, the players should expect more responsibilities and complexities, which the growth brings.

Binance Ready For Partnering With Regulators

In his Tuesday’s open letter, too, CEO Zhao wrote that Binance is committed to partner with regulators. He also mentioned that the company is set to hire and place more processes and systems to safeguard users’ interests, given the increasing growth of the platform.

Zhao also wrote that the company has been adding to its “international compliance team & Advisory Board’ since last year. Now, they have grown by 500% with the addition of global regulators such as the “Financial Action Task Force.”

The CEO also mentioned that Binance hasn’t lagged in carrying out the “Anti-Money Laundering” requirements for users of its platform. Also, the company has been working with CipherTrace, a crypto-intelligence company, to protect the platform.

Also, Zhao mentioned their commitment to ensuring an increase in financial freedom and inclusion to improve society.

Related Reading | TA: Bitcoin Consolidates Below $35K, What Could Trigger Fresh Rally

However, he also mentioned that the company would welcome any constructive guidance that comes its way. Though, the exchange can also grow better.

 Binance CEO Changpeng Zhao States "Compliance Is A Journey"

Despite all the regulatory concerns the Binance Coin hovering in the green zone | Source: BNBUSD on TradingView.com

The open letter seems to have come at the appropriate time given the scrutiny on Binance. Many regulators from different countries, including the United States, Japan, United Kingdom, Canada, etc., have started monitoring its operations.

There have also been some unsavory consequences for users as even banks are planning to suspend bank transfers to Binance’s platform.

Featured image from Global Crypto, chart from TradingView.com
Tweet123Share196ShareSend
Asad Gillani
Asad Gillani

Asad Gillani

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin-booms-bitcoin-hyper-raises-2-5m-btc-l2-bet

Bitcoin Booms, and So Does Bitcoin Hyper — $2.5M Raised as Investors Bet on $BTC L2

Bitcoin has just surpassed the $120K mark, signaling a strong return of investor confidence. As capital flows beyond Bitcoin, altcoins...

Aaron Walker 1 hour ago
ChatGPT: XRP koers klaar voor nieuwe ATH in juli? Ripple kan stijgen naar $27 tijdens bull run

ChatGPT: XRP koers klaar voor nieuwe ATH in juli? Ripple kan stijgen naar $27 tijdens bull run

Ripple (XRP) staat in de schijnwerpers nu de koers stevig momentum vasthoudt tijdens de bull run van 2025. Met een...

Lars Diederiksen 1 hour ago
Crypto expert: Bitcoin koers gaat snel exploderen naar $250.000

Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021

With the Bitcoin price rising to new all-time highs every other day, more crypto analysts have come forth with their...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Godspower Owie 11 minutes ago

È Appena Iniziato il Superciclo di Liquidità di Bitcoin, Dice il CEO di un Hedge Fund

clararosati 1 hour ago
Dogecoin price news

Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched?

Jake Simmons 1 hour ago

Premium Sponsors

Press Releases

  • ETHRANSACTION Core Breakthrough! New users get $19 starter...

    21 minutes ago
  • 2 jeftine kriptovalute s potencijalom rasta od 9.000% –...

    29 minutes ago
  • Predviđanje Cijene Snorter Token (SNORT) – Analiza i Projekcije 2025–2030

    Fartcoin, dogwifhat Tăng Mạnh – Snorter Được Dự...

    40 minutes ago
  • ...

    40 minutes ago
  • ico 仮想通貨注目:Snorter Tokenが2025年の有力候補に

    ico...

    43 minutes ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.