Binance CZ Speculates Coordinated Effort to Shut Down Crypto-Friendly Banks
Binance CEO Changpeng Zhao, popularly known as “CZ” in the cryptocurrency community, has raised concerns over the recent shutdown of cryptocurrency-friendly banks. CZ speculates that it feels like there’s a coordinated effort to shut down crypto-friendly banks.
The tweet is a follow-up to the recent downfall of two banks. Binance’s CZ Speculates a Coordinated Effort to Shut Down Crypto-Friendly Banks is in Play. Is he a conspiracist or is there really an operation choke point?
According to Zhao, the Binance BNB/USD CEO Changpeng Zhao, popularly known as CZ in the cryptocurrency community, has raised concerns over the recent shutdown of cryptocurrency. He suspects that the recent Binance (CRYPTO: BNB) CEO Changpeng Zhao, popularly known as CZ in the cryptocurrency community, has raised concerns over the recent shutdown of cryptocurrency-friendly banks Binance cryptocurrency exchange CEO Changpeng Zhao (CZ) has expressed his opinion on the closure of two US banks, Silicon Valley Bank and Silvergate Bank.
CZ also speculated that “it feels like there is a coordinated effort to shut down crypto-friendly banks,” noting the case of Signature as one example, but also noting that Get app Get the Reddit app Log In Log in to Reddit. Expand user menu Open settings menu Open settings menu.
He now speculates that some forces might be working behind the scenes to cut the crypto industry completely off from the TradFi world.
Is CZ right? Is there a coordinated effort targeting crypto-friendly banks? Stay tuned for updates on this developing situation.