Binance CEO: ‘Russia Is Our Key Market’

Binance CEO: ‘Russia Is Our Key Market’ It was CZ’s first visit to Russia, and the turnout showed his popularity with the local crypto scene. The warm feelings were mutual. Shortly about a meeting: “We are always looking for partners in any community, especially in Russia,” CZ told before his talk. “Russia is our key market, one of the most active markets in the global blockchain space.” When asked on stage who will have the most influence on crypto in the near future, he mentioned Russia’s president Vladimir Putin, drawing laughs from the audience. It was a winking reference to the indecisiveness of Russian regulators. “In America, the regulators are very distributed, and China is not going to move any time soon,” CZ told the crowd. “There is a potential bill in Russia that may pass very soon, and it will be a good thing for the industry.” The exchange announced that Russian ruble deposits are coming. “There is a very strong programmer talent [here],” CZ said. Further, Binance is looking to bring its stablecoin project, Venus, to Russia. “We are also working with other potential stablecoin issuers pegged to fiat currencies,” CZ said. “In every location we’re doing that, in Russia specifically, we’re looking for those partners as well.”

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