TechFlow News — Binance founder Changpeng Zhao released an open letter today outlining Binance's progress over the past four years, the current regulatory environment, and Binance's stance and future actions. In the letter, Zhao wrote:
In the long run, I believe robust legal and regulatory frameworks will form a solid foundation that truly makes cryptocurrency indispensable in everyone's daily life. Establishing clear standards is critical for the industry's sustained growth, and Binance wants to be an active contributor.
We want to clarify and reaffirm our commitment to working with regulators. Binance is taking or will take the following concrete steps: 1) Expand our international compliance team, planning to double its size by the end of this year, supported by qualified and experienced advisors; 2) Broaden compliance partnerships; 3) Localize operations and business activities to comply with local regulations.
