Svmuu News: He Yi posted on X, stating: “Every emerging industry faces regulatory and competitive challenges to varying degrees as it develops—just like Airbnb and Uber (try asking an AI which countries have banned them in the past?). But that hasn’t prevented them from becoming the greatest internet companies of the mobile internet era.
Binance has always viewed the challenges we face as opportunities to enhance our team’s capabilities and raise our standards. Over the past few years, we have established industry standards for user asset transparency and set the highest compliance standards in the industry. It may take time to build effective communication and trust with EU regulators, but we will not give up. We will continue to adhere to the gold standard of compliance in the global crypto industry.
Compliance has been a major focus of attention recently, and I believe this reflects the industry’s progress—it shows that the sector is gradually transitioning from its wild-west days toward self-regulation and self-discipline.However, the lesson I’ve learned from this experience is that companies holding licenses are not necessarily compliant or self-disciplined, and even Binance—which adheres to the gold standard of compliance—may not necessarily obtain a license. But our sights are set on the stars and the vast ocean; we are not here to wallow in the mud with our peers. We will hold ourselves to the industry’s highest standards.”