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News related to Crypto / Re: Former Binance CEO CZ: I Will Do My Time — Crypto Industry Has Entered a New Pha
« Last post by TomPluz on Today at 02:34:57 PM »I think CZ is right with his perspective that the cryptocurrency industry is now entering a new phase where compliance and the role of the government are taking the centerstage. In other words, there is now nothing we can do that the government will not be involved somehow, someway. and this should be the time for the industry to think hard as the government will not go away no matter what we do...they are here to stay so there is no choice but to comply and even partner with the government so that platforms can continue doing business and never be prosecuted and like CZ meted a prison time sentence. Anyway, I am still happy that CZ got only 4 months which is significantly lower than what the government prosecutors were asking the court. Four months can easily fly and soon he will be out with all the lessons learned...and enjoy a comfortable life somewhere with his loved ones as he is surely a very rich man.