On Aug. 30, CZ joined the Meanders podcast and discussed the pressures, adaptability and long-term drive involved in crypto work. When asked how he would rebuild a global crypto exchange if he could go back to 2017, CZ said his first rule would be to leave US users alone. A centralized platform serving US customers, he explained, falls under US regulation and needs a US license; the US may not enforce this in every case, but it has both the right and the power to do so. He also said he would launch contracts earlier, bring other financial products online sooner, and pursue fuller coverage across the product line. Engagement with regulators would also be more extensive. CZ noted that Binance is currently the exchange that communicates with regulators the most, but coverage remains insufficient. Doing this properly, he said, is expensive — not just in money but in hiring the right people and spending significant time managing compliance. The conversation also touched on how he copes with pressure, adapts, and stays motivated in the crypto industry.
CZ appeared on the Meanders podcast on Aug. 30 and talked about resilience, adaptability and what keeps him going in crypto work. When the conversation turned to how he would rebuild a global crypto exchange if he could go back to 2017, CZ made one thing clear: stay away from US users.
His definition of a centralized platform is tied to regulation. Once a platform has US users, it comes under US regulation and needs a license in the US, he said. The US does not apply this rule 100% of the time, but it has both the right and the capability to do so.
Contracts might come earlier, he said, and other financial products might also launch sooner, with broader coverage. Communication with regulators would get more attention.
Binance is already the exchange with the most regulator contact, he noted, but the coverage is still somewhat insufficient. Making this work properly is very costly, CZ added — not just in money. Hiring the right people and spending a lot of time managing the effort are unavoidable, he said.
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