Changpeng Zhao, the Binance CEO, believes Facebook’s Libra will easily achieve mass adoption whether or not people hate it. He also said that Binance would soon make a special focus on the European market.
Changpeng “CZ” Zhao, CEO of Binance, has confirmed that the firm is beginning specific efforts which will eventually see more emphasis placed on the European market and will possibly open an office in London. Binance is one of the largest crypto exchange firms in the world and has been operating out of its Malta base with its attention on Asia.
He also mentioned that opening a London office seems a lot more attractive now when the Financial Conduct Authority in the U.K. has finalized and released supportive guidance on the regulation of crypto assets. He stated:
“I hope we can open an office in London very soon. There is more regulatory certainty now which is good. I thought the U.K. regulation was very neutral and very positive; they were a little bit strict on the derivatives part which I hope they will be more flexible about.”