CZ: Binance always comes back stronger after regulatory setback

Binance CEO CZ has indicated that he is not worried about the regulations the exchange is facing. According to him, Binance follows a clear pattern: first a ban, then adjustments, and subsequently a return with a strong position. This is evident from his remarks about Binance’s history in various countries.

Binance spends 300 million annually on compliance, demonstrating its commitment to regulation.

Japan and Singapore show the pattern

Japan banned Binance in 2018, but two years later the exchange had not only a full licence but also SoftBank as a shareholder. Singapore forced Binance to leave in 2021, leading to an exodus of users to FTX. That exchange has since collapsed.

CZ states that these cases demonstrate how Binance adapts and returns: “Get banned. Get compliant. Get invited back.” This pattern has proven itself multiple times in the past.

Europe brings loss for both parties

Regarding Europe, CZ says that exclusive regulation for Binance results in a loss scenario for both the exchange and the continent itself. “It’s a loss for Binance. It’s also a loss for Europe. It’s a lose-lose situation,” according to the Binance founder and former CEO.

Despite the pressure today, CZ expects licences to follow tomorrow. Binance is known as the most scrutinised exchange in the crypto world, but also as one of the most compliant. According to CZ, this is precisely the proof that Binance is able to return after regulation and emerge stronger.