According to ChainCatcher, Binance founder CZ said in an AMA that the banking industry has existed for a long time, so banks have become less and less efficient. The failure of banks has little to do with the development of cryptocurrencies. Cryptocurrencies are just a choice for people to invest. Different people like different types of assets. People will not enter the crypto field after banks fail. The better the banking system, the better for cryptocurrencies. We should focus on making cryptocurrencies more convenient to use.
CZ said that in the face of local regulation, I think the biggest challenge is the support of banks, especially if banks are willing to cooperate and communicate with crypto businesses. In this way, we can truly realize the liquidity integration between the traditional financial system and the crypto financial system, which is beneficial to both parties. (Source link)