Changpeng Zhao (CZ), the CEO of Binance, thanked Sopnendu Mohanty, the Chief Fintech Officer of Singapore MAS, on Twitter for inviting him to the Point Zero Forum.
In the thread, which was started by both he and Mohanty, Zhao remarked that he and Mohanty thought regulators and industry actors needed to have open lines of communication. Additionally, he made that statement both publicly and personally. PZF was a fantastic chance for the public.
During the conference, subjects including some of the major problems in the crypto realm and possible solutions were covered.
He also shed some light on the cryptocurrency media, claiming that there have been inaccurate media headlines concerning Singapore, Binance, and other topics. Many people attempted to divide us. As Binance and SG MAS collaborate extensively, according to CZ, these names could not be further from the truth.
One of the publications CZ provided as an example of these deceptive names was published during the conference he was attending. This article’s headline read Singapore regulator promises to be “unrelentingly tough” on cryptocurrency.
According to CZ, the journalist left out the middle of Mohanty’s original statement that SG will be unrelentingly harsh on rogue actors in the cryptocurrency industry, drastically distorting the statement’s meaning.
In related news, Binance Coin (BNB), the native cryptocurrency of the Binance platform, has seen a slight decline in value over the past 24 hours. BNB’s price has decreased by 0.88%, down to around $239.11, according to cryptocurrency market tracker CoinMarketCap.