Binance Buying a Traditional Bank Is Not a New Idea, CZ Says
Binance CEO CZ says that having their own bank would unlock one more channel for interacting with global regulators. Binance, the world’s largest crypto exchange, is considering purchasing or setting up its own bank. The company’s CEO Changpeng Zhao, or CZ, revealed the news during an AMA session hosted by Binance-owned CoinMarketCap on July 22. Could it happen? During the AMA, CZ highlighted that the idea of purchasing or building their own bank has been circulating around Binance for a while.
Coin Telegraph - 22nd Jul 17:07