Tag Archives: Changpeng Zhao

ALTCOIN NEWS

Binance CEO Changpeng Zhao Announces Forecasts

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Binance CEO Changpeng Zhao wrote his predictions for altcoins in Fortune India. He said that the newcomer 2022 will be better than 2021 and he expects a huge increase in cryptocurrency adoption.

Binance CEO Changpeng Zhao said Cryptocurrencies have achieved a massive expansion in 2021. Cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and Shiba Inu also rose significantly and attracted a lot of attention. And he said he believes the general adoption of cryptocurrencies is in full swing.

Decentralized finance (DeFi) and GameFi are currently only the tip of the iceberg, as major tech firms and corporate companies enter the crypto space. CZ also said that he is optimistic that global crypto usage will grow from 5% to 20% by 2022. DeFi had a big boom in 2021 and we will most likely witness GameFi and SocialFi seeing high interest and innovation in 2022, he said.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Binance prepares to apply for FCA approval to enter the market in the UK

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Changpeng Zhao (Binance founder and CEO) announced that he is preparing to apply for approval from the FCA to offer its wide range of products in the UK. FCA said Binance was operating without permission in the UK and warned about it. It is seen that Binance has started to work on this issue.

Following the opening of the Financial Conduct Authority (FCA), Changpeng Zhao said in a statement that Binance has recruited “a number of ex-regulatory staff and several hundred compliance workers from the UK”. “We want to continue to have a presence in the UK and to serve UK users in a fully licensed and fully compliant manner,” he said.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.