.cz_binance recently spoke on TechCrunch about the overall positive progress towards global crypto regulation and Binance securing an MVP license from the Virtual Assets Regulatory Authority in Dubai.
. It launched in June 2017 and within 180 days became the largest crypto exchange in the world.
“When a regulator looks at this industry the first thing they will do is borrow from what they know already — how they regulate banks, exchanges and move that into here,” Zhao said. “Later on they’ll realize this is a car, not a horse; this thing fits differently. You can’t put a saddle on it.” Zhao noted that when cars first were invented, people drove them with two straps — similar to how you would direct a horse — and steering wheels came later. “So I think we’re still kind of at that stage in the industry.”
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