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CZ Confirms Interest In Selling Binance 90% Stake: Key Takeaways From His Latest Interview

Bitcoinist LogoBitcoinist2w ago

CZ Confirms Interest In Selling Binance 90% Stake: Key Takeaways From His Latest Interview - Bitcoinist

Quick Summary:

Changpeng Zhao (CZ), the billionaire founder of Binance, made his return to the public eye at the Coca-Cola Arena in Dubai, after his recent release from Federal Correctional Institution Lompoc II, where he served four months for failing to implement adequate anti-money laundering (AML) measures at Binance.

The return of a pro-crypto administration under Donald Trump is seen as a boon for the industry, especially after years of regulatory scrutiny under President Biden and the US Securities and Exchange Commission (SEC) lead.

He expressed satisfaction with recent developments at X (formerly Twitter), where Binance had previously invested $500 million during Elon Musk’s acquisition.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:11:12 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 581 words

Reading Time: 4 minutes read

Sentences: 37 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23464595

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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