Changpeng Zhao, known on X as @cz_binance, said the crypto industry needs more cleanup actions. In a post cited by Techub News, Zhao referred to a related case and said removing bad actors and fraudulent projects is critical to the market’s healthy development. He added that such efforts can help build a more transparent and trustworthy ecosystem. The input also notes that regulators in multiple countries have recently stepped up scrutiny of the cryptocurrency sector, with several non-compliant projects shut down. Within the industry, there is a broad view that proactive cleanup is more effective than passively responding to regulation when it comes to protecting investor interests. The same view holds that internal rectification is also an important precondition for attracting institutional capital into the market.
Techub News reported that Changpeng Zhao, using the X account @cz_binance, said the crypto industry needs more cleanup actions.
Referring to a related case, Zhao said removing bad actors and fraudulent projects is critical to the healthy development of the market and would help build a more transparent and trustworthy ecosystem.
The input says regulators in multiple countries have recently intensified scrutiny of the crypto sector, and several non-compliant projects have been shut down. It also says there is a broad view within the industry that proactive cleanup does more to protect investor interests than passively reacting to regulation, and that this is an important precondition for institutional capital to enter the market.
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