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As it is known, Binance and its CEO CZ admitted to the charges of preventing money laundering and violating US sanctions within the scope of the agreement they made with the US government.
Binance signed one of the largest corporate agreements in US history and agreed to pay $4.3 billion within the scope of this agreement. As part of the agreement, CZ will resign as Binance CEO and pay a fine of $50 million.
While the Binance-USA agreement and CZ's resignation continue to be discussed, new statements came from Coinbase CEO Brian Armstrong.
Speaking to CNBC, Brian Armstrong stated that the Binance-USA agreement will enable the cryptocurrency industry to open a new page.
Stating that more regulatory clarity will be provided after Binance makes an agreement with the US government, Coinbase CEO said that this clarity will attract more investment “especially from institutions” in the Bitcoin and crypto industry.
“The sanction against Binance allowed us to turn a new page on this issue and hopefully close this chapter of history.
There are many crypto companies that are helping to build the crypto economy and change our financial system globally. However, most of these still remain small initiatives.
“I think the Binance-US agreement will provide more regulatory clarity and regulatory clarity will help bring in more investments, especially from institutions.”
At this point, referring to the Binance case, the collapse of the crypto exchange FTX and the arrest of its founder Sam Bankman-Fried due to fraud allegations, Armstrong acknowledged that some names were “bad actors” in the crypto industry.
Stating that he recently came to the UK for the Global Investment Summit, which brings together business leaders to encourage foreign investment in the UK, the famous CEO pointed out that Coinbase was the only crypto company invited to the summit, and this was an “approval” for Coinbase. ” he described.
Armstrong added that he was impressed by British Prime Minister Rishi Sunak's leadership on cryptocurrencies, and as a result, Coinbase invested more in the UK.
*This is not investment advice.