Russia Retreats
Given a slight aura of desperation hanging over Moscow right now following drone attacks in a Moscow high end area equivalent to Mayfair / Gangnam or similar, one would think there would be an eagerness to create a national crypto exchange. News of a Russian Backtrack From Plan To Create National Crypto Exchange (CryptoSlate), however demonstrates that in Russia they still have a lot of pragmatic folk who realise it’s better to encourage the private sector to grow up than do a top down diktat on the national exchange…
As a card carrying Singaporean adult, former ADGM boss Richard Teng is the ideal choice, Named As Head Of Regional Markets Outside US for US albeit it is a rather broad brief position, curiously titled… I mean it’s almost as if Binance think all their problems are within one large state? Or perhaps I misunderstood something from the usually clean communications lines espoused by transparent Binance or something.
Back to 4: FUD! Canada’s most famous crypto mogul CZ Dispels FUD, Speculates On Next Big Crypto Trend In New Interview / CZ And The State Of Binance (CryptoSlate /Bankless). Certainly his Houdini-like ability to avoid being taken down so far strikes me that he may have some deep state protection. Anyway one logical answer he notes: Buying A Bank Won’t Solve Crypto’s Debanking Issue: Binance CEO (Cointelegraph). Spot on.
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