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Trump talking about crypto can only be a good thing, CEO of top exchange Binance says

Jul 23, 2019😶Neutral
CZ Binance

Known in the crypto community as "CZ," the digital currency exchange's chief said Trump's comments criticizing bitcoin and Facebook's libra currency can only be good for the industry.

“Trump so far has not done anything positive or negative, he’s just said he’s not a fan,” Zhao told CNBC in an interview last week. “The fact that he tweeted about it, and the president of the United States is talking about cryptocurrency, it’s a good thing.”

“Cryptocurrency will survive regardless of any one country,” he said. “Most countries that try to ban bitcoin cause their citizens to want cryptocurrency more.”

“Banks get hacked but they’re not transparent with the numbers. You see billions of dollars in fines for banks,” he said. “Whereas with cryptocurrency there’s more transparency, which is actually good for the users because now they know what’s going on.”

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