- CEO of Binance held another AMA session at Spaces
- He touched on several important topics, which you will find a summary of in this article
Binance CEO Changpeng Zhao held another AMA session yesterday, May 1.
Among other things, the CEO of the exchange spoke about memcoin listings, the banking crisis in the U.S., and Hong Kong’s experience with the introduction of cryptoassets.
Hear the full recording at the link.. Below you will find a summary of the main points raised in the conversation.
American banks. Is the collapse of SVB, Signature and Silvergate linked to cryptocurrency?. Cryptocurrency acts only as a tool for investment.
At the same time, the better the banking system works, the easier it is for retail customers to access new products, including digital assets.
Report, Republicans suspect the federal government of deliberately “isolating” the cryptocurrency business in the financial field.
Members of the House Financial Services Committee have already sent a request to the FDIC.. The collapse of the entire system is not good for the acceptance of cryptocurrencies.
Is Hong Kong really a “testing ground” for the PRC in terms of the integration of crypto assets?. At the same time, he sees nothing wrong with the situation.
Hong Kong is actively introducing new solutions in this area, which benefits the development of the industry as a whole. This approach seems to Zhao “a wise decision.”
It is possible that the draft regulatory framework being considered by the Hong Kong authorities was also created with the approval of the PRC..
Having tested how the rules work in the special zone, Beijing may adopt the experience, if it is positive.
Listing meme-coins on Binance
In the AMA session, he touched on several “coins” at once. The mere mention of SHIB caused an uproar in the community.
But Zhao said he knew nothing about meme-coins, citing the example of Ilon Musk, who is actively “forcing” DOGE.
Zhao noted that the company has a separate team to evaluate each project. He himself does not interfere in this process, so he can’t say anything specific about the individual tokens.
In particular, users have been asking CZ whether Binance will list the PEPE token..
Recall that during the fever in the meme-coin market, some traders in this position became literally millionaires. You can learn more about it here. Zhao did not give a definite answer to this question.
As CZ said, Binance never lists a token “too fast.”. If the project “survives” the pullback in the market, the chances that it will be added to the platform are quite high.
In the meantime, PEPE made it to the top 3 memcoins according to Coingecko:
It is also in the top 100 crypto-assets with a capitalization of over $520 million.