CZ Calls For New Crypto Regulations

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Binance Chief CZ has called for transparency in crypto regulations after FTX fiasco.

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Binance has been planing to spearhead efforts with other industry players to set global standards in the wake of FTX bankruptcy, CZ has confirmed at a conference in Bali.

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“As an industry we need to increase transparency. We need to work very closely with regulators all around the world to make this industry more robust", CZ said.

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He also said that there is a strong role for regulators to play but we can’t blame this on any single party.

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Earlier CZ was involved in a public feud with FTX chief SBF.

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The dispute was part of series of events ahead of the FTX's rapid collapse.

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It has left many investors questioning the future of digital assets.

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