Binance CEO Responds To Offshore Regulation Comments By Kraken CEO
- Changpeng Zhao responded to Jesse Powell’s recent comments regarding crypto regulation.
- The Kraken CEO highlighted the inconsistency in the regulation of offshore crypto entities by U.S regulators.
- CZ took issue with Powell’s “self-centered” categorization of on-shore and off-shore crypto entities.
Binance CEO Changpeng Zhao responded to the recent comments made by Jesse Powell, CEO of rival crypto exchange Kraken, regarding the treatment of off-shore crypto entities by regulators in the United States.
In a Twitter thread shared earlier today, CZ pointed out that the term “off-shore” was often used by Kraken’s CEO. According to Zhao, the term is overly narrow-minded and is unhelpful to the development of the crypto industry.
The word "offshore".@jespow uses the word “offshore” quite often. Here is my feedback.
— CZ
The term “offshore” appears overly narrow-minded, self-centered, misses the broader picture and unhelpful to the development of our industry.
thread: 1/6 https://t.co/dPLdlsjb6FBinance (@cz_binance) February 20, 2023
Center-staging Jesse Powell’s categorization of certain crypto firms as off-shore, Changpeng Zhao arg…
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