Coin

<ul class="news-points"> 
 <li>Binance CEO Changpeng Zhao said the FTX collapse influenced crypto regulations in Singapore.</li> 
 <li>Zhao stated that traditional financial institutions are reluctant to partner with crypto companies because of regulations.</li> 
 <li>Binance continues to face regulatory woes, with the company’s arm in the US announcing layoffs and its president departing.</li> 
</ul> 
<a href="https://coinedition.com/tag/changpeng-Zhao/" rel="noopener noreferrer nofollow">Binance CEO Changpeng Zhao</a> said the regulatory atmosphere in Singapore around crypto became more conservative after FTX’s collapse, according to a Bloomberg report. He added that similar measures are being taken in the neighboring region of Hong Kong. 
Crypto regulations across the world increased following a slew of institutional collapses and bankruptcies. Since then, several countries have rolled out legal regimes for crypto operations in their countries. 
In particular, Zhao mentioned crypto regulations in Hong Kong that only allow a limited number of tokens for trading by retail investors. The regulation has had a significant effect despite being introduced some months ago. 
According to Zhao, the tighter regulations have made it difficult for crypto ent… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binances-ceo-believes-ftx-collapse-brought-more-regulations/">Binance’s CEO Believes FTX Collapse Brought More Regulations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance’s CEO Believes FTX Collapse Brought More Regulations

Coin Edition

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