In contradiction to the published article, Changpeng Zhao also known as CZ in the crypto community, actually humored out casually that the President of Russia, Vladimir Putin as being the most influential person in the blockchain space.
In crypto space, News breaks on Twitter, or Tweets become News. The Article on CoinTelegraph spread like wildfire very soon. Immediately, CZ takes on CoinTelegraph to express his annoyance on Twitter. It also irked many of his fans and crypto enthusiasts.
A couple bi-polar errors with this article. I said: "if you are engaged in crime, DON'T sign up with Binance.” The title line is a casual humor half-joke too. Maybe it was my bad pronunciation or speech, but journalists should have a good understanding before publishing. — CZ Binance (@cz_binance) October 23, 2019
In response to the above tweet, Cointelegraph updated their article as follows:
Update: Changpeng Zhao’s comment was translated incorrectly in the article. It was since updated to reiterate the platform’s stance that individuals engaged in crime should not sign up with Binance.
CZ further added that the bill on regulating digital money might be adopted in the Russian Federation in the coming future.
Prospects of Bitcoin
The CEO of Binance concluded his statement by mentioning how he sold his house in the year 2014 to buy Bitcoin (BTC) before the price drop from $600 to $200, despite that he “hodled” it till the present day where BTC stands at $8,100 at press time.
He was trying to add that the world’s most popular cryptocurrency Bitcoin will see impressive growth at the end of the year.
Binance Adds Support For Rubles
Binance will soon add support for Russian Ruble. Binance users from Russia will be able to buy cryptocurrencies directly by directly using Ruble as explained by the CEO of Binance at the Open Innovation Forum in Moscow a Russian government-led event.
In a video posted on Twitter, CZ said:
“In about two weeks or so, we should have support for Russian rubles trading directly. So you can buy cryptocurrencies on Binance.com using rubles.”
Although the news was confirmed about the addition of Ruble and crypto pair to its exchange, Binance did not explain the additional details on choosing why the ruble was chosen for its first fiat-crypto trading pair.
References: Cointelegraph | rbu.ru| twitter | Image: Binance