Binance’s Yi He Provides Clarity Amid Regulatory Confusion

Yi He, co-founder of Binance, has addressed concerns about the future of the crypto industry and Binance’s role in navigating current challenges. In a detailed post on X, Yi He discussed the growing pessimism within the blockchain space, regulatory challenges, and Binance’s vision for the future.

Binance faces market manipulation 

Yi He has acknowledged the increasing wave of pessimism surrounding blockchain and crypto. According to Yi, negative news tends to draw more attention, which has led to inflated concerns about the industry’s future.

“Bad news is more likely to make headlines, and bad news is also more likely to get more traffic and attention,” according to Yi He. She explained that the current economic situation has heightened fears about the industry’s future.

She also addressed the uneasiness among crypto investors and industry insiders, adding that some have even wondered if the crypto age is coming to an end. However, she underlined that blockchain and cryptocurrencies are still evolving and maturing, especially as major financial institutions become more involved.

Yi He highlighted the exchange’s growth, likening the early days of the crypto industry to the “Wild West,” when early adopters enjoyed tremendous benefits during periods of economic expansion. However, she explained that as the market grew, it became more competitive, resulting in lower profitability as more companies entered the field.

Yi He reflected on Binance’s perspective, stating that the exchange has matured alongside its s, seeking to strike a balance between innovation and regulation. “Binance is not a child anymore, so we need to reconcile with the world, comply with regulations, fight money laundering, and follow the existing rules of the traditional financial industry,” she said.

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Florence Muchai
Written by Florence Muchai

Florence Muchai is a crypto journalist at CryptoNewsZ with four years of experience covering Crypto, Blockchain, Web3, NFT, and AI. She has written for MSN and CryptoPolitan, bringing a wealth of knowledge to the industry. Florence holds a Bachelor's Degree in Disaster Management and International Diplomacy and a Master's Degree in Clinical Psychology. She is a digital nomad and explores the intersections of decentralized and traditional finance, offering insightful analysis on wealth creation, financial literacy, and the evolving digital economy. She is ionate about empowering readers with knowledge and delves into emerging trends, regulatory developments, and the impact of blockchain on global finance.