Binance CEO met with Abu Dhabi investors about industry recove | CryptoTastic
Binance CEO met with Abu Dhabi investors about industry recovery fund: Bloomberg
Binance CEO Changpeng "CZ" Zhao met with investors in Abu Dhabi last week in an effort to raise cash for a crypto industry recovery fund, Bloomberg News reported, citing sources and it could be several weeks before the fund is established. Binance spokesperson told Bloomberg that the meetings were focused on global regulatory matters and how Middle Eastern regulators "could lead the globe by exploring more aggressive proof of custody requirements.".but in a liquidity crisis." He's also called on other exchanges to adopt six principles, including avoiding excessive leverage, to ensure trust in the wake of the collapse of rival exchange FTX.
