Changpeng Zhao: The crypto market needs support from the banking sector

The traditional financial market helps the spread of digital currencies and the development of blockchain technology. That is why the cryptosphere needs a healthy banking sector, said Binance CEO Changpeng Zhao.
He reiterated his support for the speedy implementation of a regulatory framework that would ensure industry security and transparency of transactions in digital assets.
The CEO of Binance emphasized that bitcoin is not a competitor to banks. The digital currency has recently become more often seen as a safe haven asset. However, this does not mean that investors now trust the cryptocurrency market more.

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