Changpeng Zhao was the CEO of Binance. It is the largest central cryptocurrency exchange in the world. Joe Hall, Cointelegraph reporter, interviewed him during Paris Blockchain Week. Zhao answered the question “We are now seeing regulators who want be a part this industry.” That’s why I believe that it’s one the most fundamental shifts we’ve made.”
“Multiple countries such as the U.S. issued an executive order concerning stablecoins. Dubai, along with Bahrain, created a regulatory framework that issued licenses to large players.
Changpeng Zhao, Binance CEO, and Joe Hall, CT eporter
Binance’s CEO then described how France, Portugal and Sweden have all adopted positive crypto regulations. Zhao says, “So I believe that it really helps adoption.” Zhao expressed his excitement for the latest innovations, like GameFi and Metaverse.
Zhao praised the French government’s regulatory framework, saying, “In setting up the conference, our group asked permission to place Binance banners at the Palais Brongniart [Historical Paris Stock Exchange]”. The government was very cool in granting permission. This is a sign of their progressiveness.
“I believe that little things such as these show how happy we are with the government. We want to invest heavily in France and grow the French industry.
While only 20% of global companies are able to turn a profit in the global market, more than 60% of French conventional businesses have made a profit by launching blockchain projects. Cointelegraph staff will be covering Paris Blockchain Week live from the ground.