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Star_OKX
@star_okx
Founder & CEO of OKX (since 2013). Crypto will eat the world. Self-custody is the future. Everything will be onchain. Tweets not financial advice.
参加 January 2015
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So will the UK FCA, the MAS in Singapore, and the EU’s ESMA invite Binance back? Or will they allow Binance to acquire a licensed company and bypass the same level of regulatory scrutiny, as it did in Japan? Safeguarding customer funds is not something to boast about every day. It is a basic requirement for any platform. Regulatory arbitrage and intentionally ignoring laws and regulations are new dangerous FTX patterns that can create serious harm for the industry and customers, as we saw on October 11, when millions of users globally lose billions of dollars just because of one company’s failure of risk control.
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CZ on Binance's regulatory scars and Why he's not worried 🇯🇵 Japan banned Binance in 2018. By 2023, Binance had a full license and SoftBank as a shareholder. 🇸🇬 Singapore forced Binance out in 2021. Users fled to FTX. We all know how that ended. 🇪🇺 On Europe: "It's a loss for Binance. It's also a loss for Europe. It's a lose-lose situation." Binance is the most scrutinized Exchange in crypto and also one of the most compliant. Get banned. Get compliant. Get invited back. History says Binance has done this before. Pressure today. Licenses tomorrow. That's the Binance pattern. @cz_binance @heyibinance @_RichardTeng @cz_binance
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