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Making a rare public appearance at the Token2049 event in Dubai Binance founder Changpeng Zhao spoke openly about the regulatory hurdles facing the global crypto industry. Speaking at the Binance Fireside Chat CZ shared how different countries demand localized operations which makes it difficult to scale secure crypto infrastructure worldwide.
He highlighted that regulators often want local wallets order books and teams which he believes is not an efficient approach. Setting up secure custody for billions in crypto takes massive resources and doing it in every country is simply not feasible.
Zhao praised the United Arab Emirates as a leading example of a pro-crypto nation. He shared how his first visit in 2021 convinced him to make the UAE home calling it pro-business highly secure and led by leaders who truly understand crypto. He applauded the country for its smart and sophisticated regulatory environment.
