Binance Cryptobyri Founder, the richest man of China and Asia Chanpen Zhao during an organized RBC of the Conference warned Russia from the prohibition of treatment and mining cryptocurrency and gave advice to the authorities, reports the correspondent “Renta.ru”.
According to Zhao, the best solution for the state will not be prohibition, but the competent regulation of the cryptocurrency market. “Regulation is necessary for healthy industry growth, now it is very important for any economy. If the country does not accept cryptocurrency, then loses the opportunity for dynamics and development,” the businessman noted.
He also considers cryptocurrency “the best form of money”, which in the future will provide services in any branch of the economy. At the same time, modern cryptobiri pays enough attention to the safety of the auction and the origin of customer funds.
In mid-January, the Russian Central Bank released a report in which he called for a completely banning turnover and mining cryptocurrency in Russia. The regulator explained such an approach to the danger that increased volatility is cryptocurrency.