Binance CEO “CZ” AMA and Sixth Anniversary
The crypto community congratulated Binance and Binance CEO CZ for the crypto exchange’s upcoming sixth anniversary during a Twitter Space AMA session on July 5.
Binance’s Developments in Africa
The session had many questions regarding Binance’s developments in Africa, including peer-to-peer services, a ban on scammer entity Binance Nigeria, and efforts to make crypto grow in Africa. Binance assured that it can work with regulators on crypto regulatory frameworks, supervision, or any other issue to support the growth of cryptocurrencies.
US SEC Lawsuit and Negotiations
Regarding the US SEC lawsuit against Binance and ongoing negotiations or settlement discussions, CZ said he cannot provide specific details but is actively seeking reasonable and mutually agreeable solutions. He emphasized that there is ample public coverage on the matter, and referred to ongoing lawsuits involving other crypto platforms like Ripple, Coinbase, and Kraken.
Support from the Community
CZ expressed gratitude for the community’s support during these challenging times and pledged to continue building for the crypto space. He highlighted that Binance not only promotes its BNB Chain and other products but also supports Bitcoin, Ethereum, and various other blockchain projects.
Belief in Decentralization and DeFi
Binance CEO strongly believes in decentralization and supports advancements in the DeFi space. He addressed accusations of Binance being overly centralized, stating that teams within Binance work independently on multiple projects, allowing them to grow autonomously.
Investing in Crypto and Bull Market
CZ provided insights on investing in crypto and new projects, as well as listings and the anticipated bull market. He advised conducting thorough research before investing and fully supporting chosen projects. Regarding the bull market, he acknowledged the difficulty of predicting market trends, but expressed optimism about the future growth of cryptocurrencies, particularly Bitcoin, as the market is still in its early stages.
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