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

Binance CEO Changpeng Zhao calls economist Nouriel Roubini impolite, irrational, and a person with negative energy.
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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.

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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.

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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

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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