{"id":582039,"date":"2023-05-03T20:51:49","date_gmt":"2023-05-03T19:51:49","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=582039"},"modified":"2023-05-03T20:52:07","modified_gmt":"2023-05-03T19:52:07","slug":"binance-changpeng-zhao-banking-crypto-btc","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-changpeng-zhao-banking-crypto-btc\/","title":{"rendered":"Binance\u2019s Changpeng Zhao Says Banking Support Is Important For Crypto"},"content":{"rendered":"\n
Changpeng Zhao, the man at the helm of the world\u2019s largest crypto exchange, believes that support from the traditional finance industry is an important prerequisite to increase the adoption of cryptocurrencies. Zhao\u2019s comments came during a recent ask-me-anything (AMA) session<\/a> where he answered questions on topics like crypto regulation, the relationship between traditional banking institutions and the crypto industry, and token listings on his crypto exchange.\u00a0<\/p>\n\n\n\n Speaking on Banking v. Bitcoin, Changpeng Zhao stated that the success or failure of banks doesn\u2019t necessarily have a meaningful impact on crypto. According to him, the extent of the impact is limited to Bitcoin\u2019s role as a safe haven asset when investors lose confidence in TradFi. However, that is true for real estate and gold as well. Zhao believes that it is possible for crypto to coexist with banks and traditional fiat currencies rather than it being a zero-sum game. <\/p>\n\n\n\nChangpeng Zhao: Banks And Bitcoin Are Not Rivals<\/strong><\/h2>\n\n\n\n