CZ plans industry association to communicate with regulators w | • CRYPTO NEWS • #BTC • #ETH •
CZ plans industry association to communicate with regulators worldwide
Binance CEO Changpeng "CZ" Zhao said he wants to set up an association of the largest crypto players to help work with policymakers and regulators worldwide. “The association will try to maintain communication with regulators and also maintain best practices in the industry, including proof of reserves, transparency,” Zhao said. The association would not be run by Binance, Zhao said, adding that it would be a third-party that “has done this many times for different industries.” The Binance chief said that multiple regulators had requested that he set up such an association.
