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Loss of Binance CEO Changpeng Zhao Considered a “Wake-Up Call” for Crypto, According to Industry Professional
Stefan Rust, CEO of independent economic data aggregator Truflation, says that the resignation of Binance founder Changpeng Zhao or “CZ” as part of the exchange’s settlement with US authorities marks a “sad” day that should “serve as a clarion call for the build-out of decentralized products and services.” Rust adds that the charges against Binance also suggest “jurisdictional arbitrage” is likely to become harder for industry providers, “though Central and South America are becoming increasingly attractive.” Stefan Rust, CEO of independent economic data provider, Truflation, adds:“Driving ... (full story)