During the Hong Kong Web3 Festival, CZ, CEO of Binance, emphasized the significance of regulators possessing a comprehensive understanding of the cryptocurrency industry to effectively establish proper regulations. Speaking at a fireside chat moderated by Deng Chao, CEO of Hashkey Capital, CZ stated that applying conventional financial regulations to cryptos was not ideal because the cryptocurrency industry differed from traditional financial institutions. He further elaborated that determining how to categorize various crypto assets was crucial in determining the appropriate regulations for the industry, as there are diverse types of crypto assets with varying characteristics that resemble securities, commodities, utility tokens, or even a combination of those traits.
Friday, June 9, 2023
Coinatory is a news portal dedicated to providing the latest updates on cryptocurrency, blockchain, and mining. Our mission is to keep readers informed about the most significant and exciting developments in the crypto world, including updates on new coins as they emerge. We offer a comprehensive coverage of the technical details behind recent and upcoming changes and events in the cryptocurrency industry, enabling our readers to stay up-to-date with the latest trends and insights.
© Copyright since 2017 - COINATORY