Binance CEO “CZ” Calls Nouriel Roubini “A Person With Negative Energy”

Binance CEO Changpeng “CZ” Zhao on Thursday responds to economist Nouriel Roubini’s attack on him. Binance CEO calls Nouriel Roubini impolite, irrational, and a person with negative energy. Nouriel Roubini’s attacked Binance CEO “CZ” after the crypto exchange received another crucial license in the United Arab Emirates.

Binance CEO “CZ” Response to Nouriel Roubini’s Attacks

During the Milken Institute Middle East and Africa Summit on November 17, Binance CEO “CZ” responded to economist Nouriel Roubini, who called him a “walking time bomb.”

Binance CEO said people like Nouriel Roubini attack others to gain some focus and should be actually removed from the country. Moreover, he calls Nouriel Roubini impolite and irrational who doesn’t respect the local culture.

“There are people who try to become famous by attacking other people. I believe strongly that people with negative energy never make it very far in life, those people generally stay poor. We don’t focus our energy on that.”

Binance CEO asserts Roubini attacked the regulator and gave all the wrong facts about the crypto exchange. Binance has 15 licenses all over the world, becoming the crypto exchange with the most licenses. Moreover, Binance US has licenses in 44 US states.

Binance works with top regulators all around the world. He referred to the Abu Dhabi Global Market as one of the most reputable and solid regulators in the world, known for started working on crypto regulations early.

CZ clarified that Binance is not banned in the UK as it doesn’t have a license in the country. Commenting on the trust in the crypto industry after the FTX crisis, he said there are good and bad players in every industry.

Binance Prepares Crypto Market Recovery Fund

During the Abu Dhabi Global Market’s Crypto Conference on November 16, Binance CEO “CZ” revealed that details on the industry recovery fund will be available over the next two weeks. The recovery fund will help projects affected by the liquidity crisis following the collapse of rival FTX.

Binance received Financial Services Permission (FSP) license from the Financial Services Regulatory Authority of Abu Dhabi Global Market. It will allow Binance to provide custody services in Abu Dhabi. The crypto exchange also has an MVP license in Dubai.

Also Read: Lawmakers Grill Binance Over FTT Tokens Selloff That Triggered FTX Collapse