Unchained Listen to CZ Compare Binance to Bitcoin - Ep.173
May 19, 2020
Changpeng Zhao, or CZ, is the co-founder and CEO of Binance, one of the world's leading cryptocurrency exchanges. In this conversation, CZ discusses Binance's strategy amid regulatory challenges in the U.S. and the impact of China's digital currency. He explores the strong potential of the Binance Smart Chain and its relationship with Ethereum developers. CZ also addresses the class-action lawsuit against Binance and emphasizes the importance of competition in the industry, stating it ultimately benefits all players involved.
AI Snips
Chapters
Transcript
Episode notes
Jail Concerns
- Laura Shin previously asked Changpeng Zhao if he worried about legal trouble.
- He now clarifies his concern stemmed from the complexity of US regulations, not illegality.
Venus vs. Libra
- Venus, Binance’s stablecoin project, was designed to support multiple stablecoins pegged to various fiat currencies.
- It prioritizes collaborating with local entities and regulators, unlike Libra's initial single-currency approach.
Chinese Yuan Stablecoin
- Binance currently has no plans for a Chinese Yuan stablecoin due to China's capital controls and the USD's dominance.
- They are open to the possibility if regulatory conditions and market demand align.