CZ stated clearly: Binance now prioritizes longevity over rapid growth.
A few days ago, I rewatched the AMA session of CZ on Binance Square. There was a point that CZ made quite directly, and I think it's worth the community's attention.
Listening might seem normal, but if you have been following Binance for several years, you will see that this sentence is quite different from how they used to play.
Why do you say that?
According to CZ, crypto in the near future will be globalized, so the tightening of crypto regulations in each country is not a temporary thing. It is a long-term trend. It's not like in a few years everything will go back to how it was before. In reality, anyone who follows the market can see:
The US openly supports but still has strict laws.
The EU doesn't need to be mentioned; with MiCA coming out, it's like playing within a framework.
Places like Singapore or Hong Kong, which were previously more lenient, are also starting to tighten up gradually.
Binance itself has faced a lot of pressure, especially towards the end of 2023. After those events, changing the way of operation is unavoidable.
So when CZ says that Binance now prioritizes 'longevity', it makes sense.
Where the law is clear, act accordingly; where the law is unclear, proceed slowly or reduce the extent.
Prioritize compliance with the law in each market.
Those using the exchange probably see it clearly: KYC is now much stricter, no longer just a formality. Many products that were previously freely used are now being tightened up or controlled much more closely.
For example, products that could be used immediately before now require KYC to engage.
For small individual users, it is indeed a bit uncomfortable, but putting yourself in Binance's position, you will see that this is the most optimal choice. Taking risks is not the top priority.
CZ's appearance at AMA isn't just for fun. Binance has been scrutinized and talked about too much, so he needs to speak directly. The message I see is quite clear: Binance chooses to adapt to the law to survive, rather than confront it.
CZ chooses to speak directly, without evasion. The message I see is quite clear: Binance will adapt to the law, rather than confront it. At least that's what is publicly stated.
To be honest, those of us who are used to taking risks might find the market a bit... boring lately.
Previously, there were chaotic pump and dump schemes, but now those risky types have been significantly tightened. It's not by chance that many 'quick profit' schemes have disappeared.
On the other hand, looking from a different perspective, large funds with traditional capital will likely find it easier to enter. Less legal drama, fewer random variables, they will be more willing to invest.
The reality is that crypto is no longer easy to profit from. Taking risks, making huge profits, and then disappearing is much harder to do nowadays. Violating the law is linked, and there's no way to slide by lightly.
In my opinion, Binance understands that the game has changed. It may not be as glorious as before, but surviving this phase is what allows for a long-term path.
What do you think about this direction of Binance? And do you predict if this will be the first exchange to be licensed in Vietnam?
Hold $BNB to support Brother Bang.
#MarketCorrection #CZAMAonBinanceSquare #CZ