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Binance CEO Continues To Work Closely With Singapore Regulators

Cryptocurrency Jun 26, 2022 05:30AM ET
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Binance CEO Continues To Work Closely With Singapore Regulators

  • Changpeng Zhao thanked the Chief Fintech Officer of Singapore MAS for inviting him to the Point Zero Forum.
  • CZ also shone a light on some misleading news titles.
  • In related news, BNB’s price is down in the last 24 hours.

The CEO of Binance, Changpeng Zhao (CZ), went to Twitter (NYSE:TWTR) to thank the Chief Fintech Officer of Singapore MAS, Sopnendu Mohanty, for inviting him to the Point Zero Forum.

Zhao stated in the thread that both he and Mohanty posted that they “believe it is very important for industry players and regulators to communicate deeply.” He also said that “sometimes privately, sometimes publicly. PZF was a great public opportunity.”

Topics such as some of the key issues in the crypto space and what steps can be taken to improve the industry were discussed during the conference.

He also shone a light on the crypto media, saying that there have been several “misleading media titles about Binance/crypto, Singapore, etc. Many tried to drive a wedge between us.” CZ stated that these titles could not be further from the truth as “Binance and SG MAS work closely and collaboratively together.”

CZ shared some examples of these misleading titles, with one of the articles being posted during the conference he was attending. The heading of this article was “Singapore regulator vows to be ‘unreletingly hard’ on crypto.”

CZ stated that Mohanty originally said that “SG will be unrelentingly hard on bad players in crypto,” and that the journalist “cut the middle part out, completely changing the narrative.”

In related news, the Binance platform’s native token, Binance Coin (BNB), experienced a small drop in price over the last 24 hours. According to the crypto market tracker, CoinMarketCap, the price of BNB is down 0.88%, taking its price down to around $239.11.

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Binance CEO Continues To Work Closely With Singapore Regulators
 

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