TechFlow news — On the May 29 episode of the Bankless Podcast, Binance CEO Zhao Changpeng stated that the company is unlikely to acquire any banking institutions.
He explained that acquiring a bank would require compliance with regulations set by the national banking regulators, which could restrict the use of cryptocurrency technology and lead to numerous issues.
Moreover, banking operations are extremely costly, and many banks lack sound business models. For Binance, investing in equity might be a better option, enabling influence over banks to become more crypto-friendly.




