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.