TechFlow News, October 30 — Binance co-founder Yi He stated during her speech at Binance Blockchain Week 2024 that Binance's biggest challenge last year was the departure of CZ. The resignation of a company founder is undoubtedly a significant challenge, but Binance has achieved substantial progress by relying on its mature management system and strong team support. Startup teams often enter the market through the standout performance of a single founder, whereas a mature team with a healthy organizational culture can sustain growth even without the founder. On the external front, the main challenge lies in regulation, as regulators have placed significant attention on the crypto industry. Given that different regulatory bodies have varying understandings of the industry, Binance actively collaborates with them. In response to skepticism within the industry about why Binance cooperates so closely with regulators, Yi He explained that Binance aims to serve more users under regulatory support, ultimately enabling billions of people to use cryptocurrency. "Binance wants to be like Google, building the internet of the future and making Web3 more accessible," she added.
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