Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background – Bitcoin News

Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance as this is the top priority of the organization.” Binance’s CEO Unveils Company’s Regulatory Compliance Plans Binance founder and CEO Changpeng Zhao (CZ) has addressed recent compliance issues his exchange has been facing and reports of the exchange…

“We’re Creating New Rules for the Crypto Market” – Anti Danilevski, Kick Ecosystem CEO and Founder

The KickEX cryptocurrency exchange, celebrating its first anniversary, is already between the sixtieth and seventieth rank for most popular trading platform according to CoinMarketCap. During this time, the platform has grown from a simple startup to an effective ecosystem, bringing together over ten products and constantly expanding. We spoke with Kick Ecosystem CEO and Founder Anti Danilevski to hear more about the company’s successes and future plans as well as discuss the current situation on the cryptocurrency market. Q: Anti, your exchange is a newcomer to the market, yet it…

Vontobel’s wealthy clients are interested in crypto, says CEO

Zeno Staub, CEO of Swiss private banking and investment management giant Vontobel, has revealed that some of the company’s wealthy clients have crypto exposure. Speaking to Bloomberg on Tuesday, Staub stated that Vontobel’s clients have an interest in cryptocurrencies. According to Staub, blockchain technology will have a profound impact on global finance. As part of the interview, the Vontobel CEO described the novel tech as the “Logic consequence of the general trend securitization because it is the only available technology that can create trust without a central counterparty.” Commenting on the bank’s…

Changpeng Zhao Is Open to Stepping Down as Binance CEO in Pursuit of Regulatory Compliance

While the Changpeng Zhao potential exit is one of the defined ways Binance looks to get back on track with regulators, the firm is also doing a lot to pacify watchdogs across the board.  Changpeng Zhao, the vocal and social media-friendly Chief Executive Officer of the world’s largest cryptocurrency exchange, Binance has reiterated his readiness to step down should the candidate with the right regulatory experience come along. Speaking at a virtual press conference Tuesday, Zhao, popularly known as ‘CZ’ on Twitter said despite his readiness to step down, there…

Nuggets News CEO under fire over alleged unpaid loans and investment funds

Alex Saunders, the popular crypto influencer behind Nuggets News, is facing a slew of claims he failed to repay crypto loans, along with allegations that funds invested in a new project had been redirected to a crypto exchange. Saunders is one of the most highly regarded Australian crypto educators. He provides a paid service and he has 140,000 subscribers on YouTube. Over recent days, crypto Twitter has been ablaze with allegations that Saunders has run out of capital. Numerous individuals including YouTuber Bitboy claim that Saunders personally owes them multiple…

Binance will ‘work with regulators’ as it expands, says CEO

Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters. According to a Tuesday report from Reuters, Zhao, also known as CZ, hinted Binance would depart from its decentralized approach to finance and coordinate with regulators as the company expands. “We want to be licensed everywhere,” said CZ. Zhao also reiterated that he would be willing to step down as CEO should someone “with a strong regulatory background” be available. Last week at a…

Cryptocurrency is ‘pure trading instrument,’ hedge fund CEO says

Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs. Speaking to the Financial Times, Ellis remarked that the utility of crypto comes from its volatility, thus presenting the asset class as a viable trading opportunity. According to the CEO of the world’s largest publicly-traded hedge fund: “If you look at cryptocurrencies as a whole, it is a pure trading instrument. There is no inherent worth in it whatsoever. It is a tulip bulb.” Despite being an outmoded comparison,…

Cryptocurrency ’is a pure trading instrument,’ hedge fund CEO says

Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs. Speaking to the Financial Times, Ellis remarked that the utility of crypto comes from its volatility, thus presenting the asset class as a viable trading opportunity. According to the CEO of the world’s largest publicly-traded hedge fund: “If you look at cryptocurrencies as a whole, it is a pure trading instrument. There is no inherent worth in it whatsoever. It is a tulip bulb.” Despite being an outmoded comparison,…

Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’ – Exchanges Bitcoin News

Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment providers. CZ also noted during his interview that the firm was looking for a new chief executive officer with a “very strong regulatory background.” Binance Cheif Executive Says Company Is Looking for a New CEO At the blockchain virtual summit Redefine 2021, Binance…

FTX CEO Sam Bankman-Fried to Broaden Operations in US after Fresh Funding Round

FTX now intends to become popular in the US by serving the masses in terms of expanded crypto transactions and revenue. FTX has recently acquired a fresh fund worth $900M in a Series B financing round. The company’s CEO Sam Bankman-Fried has announced in an interview that the FTX exchange is now planning to establish itself in the US.  FTX was operating on a limited scale in the US market till now with a separate work domain registered as FTX US. The company now intends to scale its operations and…