Binance's CEO says that this latest event could be a signal for a bull market

Binance's CEO says that this latest event could be a signal for a bull market
Changpeng Zhao (CZ), CEO von Binance, published a tweet on Wednesday, in which he pointed out that China Central Television (CCTV) recently broadcast a program on digital assets.
The manager claimed that similar reporting in the past had served as a catalyst for crypto bull runs.
- cz provided a link to the transferred and contained a 98-second section on the Hong Kong regulatory authorities "Implementation of an obligatory license system for trading platforms for virtual assets" from June 1st.
- The news itself was not very positive for the industry sfc guidelines Create stablecoins, and others who expressly prohibit crypto "gifts" (probably including airdrops).
- Nevertheless, CZ considered the transmission of cryptocurrencies as extremely positive development and described it as a "big thing".
- "There is a lot going on in the Chinese-speaking communities," he said. "In the past, reports like this led to bull runs."
- The CEO made it clear that his tweet is not a "financial advice" and that the past was not a prediction for the future.
- mainland china has banned cryptocurrencies overall, but Hong Kong has decided to do so continue To become crypto hub. Even after China's ban, a considerable part of the Bitcoin mining activities will continue to be operated bloom in the region.
- In his answers said Cz agree with a commentator that a bull market cannot effectively take place without the Chinese being involved.
- CZ was born in China, but has been a Canadian citizen of Canadian citizens since he was 12 years old.
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