“Regulators want to regulate in crypto locally,” CZ at Token2049

Changpeng Zhao discussed the difficulties Binance faces with regulators worldwide, who often demand localized solutions. He stressed the limitations of providing multiple secure custody solutions for billions in cryptocurrency due to resource constraints.

CZ described the UAE as pro-crypto and praised its business-friendly environment. Reflecting on his four-year experience, he noted its safety and the competency of local officials, who are well-informed about the crypto industry.