Binance CEO Hints at Bull Market with Latest Market Development

China Central Television (CCTV) recently aired a segment related to digital assets, according to a tweet by Binance CEO Changpeng Zhao (CZ). CZ noted that similar coverage has been a catalyst for crypto bull runs in the past. He provided a link to the broadcast, which aired on May 23, and included a 98-second segment about Hong Kong regulators “implementing a mandatory licensing system for virtual asset trading platforms”, beginning June 1. While the news itself contained some negative industry guidelines, CZ viewed the coverage alone as a bullish development and said that “Chinese-speaking communities are buzzing”. Mainland China has fully banned crypto, but Hong Kong has ambitions to become a regional crypto hub. CZ, who was born in China but has Canadian citizenship, has previously asserted that Binance is not a Chinese company.

J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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