In an interview to Indian Express, Changpeng Zhao expressed that with the rise of cryptocurrencies, the industry is now developing faster. There’s more crypto awareness, technology acknowledgment, and more countries are looking into regulating cryptocurrencies.
He adds the more regulations we have the safer we make the crypto-space for new investors. Regulations guide the interest of investors and allow crypto exchanges to function with compliance. We encourage more regulatory bodies to explore the potentials of digital assets and provide insights to help them regulate this area in a thoughtful way that does not hinder the potential growth of the sector.
Source: The Indian Express