CZ believes that nobody smart would use cryptocurrencies to evade sanctions.
Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions.
However, concerns regarding deep-pocketed Russian oligarchs trying to slip past the impact of Western sanctions by using cryptocurrencies have also heightened. CZ, for one, believes that “nobody smart” would choose crypto to do that.with CNN, CZ highlighted that crypto is too traceable due to the underlying blockchain technology and added,
Binance had joined other cryptocurrency giants such as Coinbase and Kraken in declining to unilaterally freeze millions of Russian user accounts even though it said that the platform complies with government sanctions.When asked about his take on the ongoing war, CZ said that Binance is totally against it, the politicians, and dictators who start wars. However, the exec went on to clarify that,
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