I made a mistake, and I must take responsibility.

Currently, most regulators lack experience in the cryptocurrency industry, and most financial regulators only have experience in banking, so communication between industries becomes very important.

Zhao Changpeng emphasized that BUSD is not created or operated by Binance, and the current circulating supply of BUSD is also safe. Although regulation is tightening, there are also crypto-friendly jurisdictions.

In my opinion, the impact of the FTX incident will take a long time for the industry to digest and address.

Binance is one of the most effective financial institutions in keeping illegal funds out, and we have zero tolerance for criminal activities.

Binance CEO Zhao Changpeng released some principles he follows, stating that not all principles have a right or wrong.

Zhao Changpeng stated that taking a big step forward may not always yield the best results, and what we do must be in sync with other parts of the ecosystem.

This article can help you better understand security issues and better protect your cryptocurrency assets.