Zhao Changpeng: The failure of the banking system is not closely related to cryptocurrency; the better the banking system, the more beneficial it is for cryptocurrency

ChainCatcher news, Binance founder Zhao Changpeng stated in an AMA that the failures of banks are not closely related to the development of cryptocurrency. Cryptocurrency is just one option for people to invest; different people prefer different types of assets, and people do not necessarily turn to crypto after a bank failure. The better the banking system, the more beneficial it is for crypto. We should focus on making crypto more convenient to use.

Zhao Changpeng mentioned that when facing regulations in various regions, I believe the biggest challenge is the support from banks, especially if banks are willing to cooperate and communicate with crypto businesses. Only then can we truly facilitate the integration of liquidity between the traditional financial system and the crypto financial system, which benefits both sides. (Source link)