Changpeng Zao, the founder of Binance, met a delegation of the Five Star Movement (M5S).
After Mark Zuckerberg, Changpeng Zhao also visited Italy
Binance’s expansion into Europe
The Undersecretary of Foreign Affairs of the Five Star Movement, Manlio Di Stefano, announced the meeting with a delegation of the M5S with the CEO of Binance, Changpeng Zhao, who arrived in Italy yesterday. Using these words contained in a long Linkedin post, he said:
“It was a great pleasure today to meet Changpeng Zhao, CEO and founder of Binance, the world’s largest platform by cryptocurrency exchange volume as well as a global player in blockchain infrastructure. With CZ, we shared our vision on the future of this sector and the risks it runs, also related to the low specific culture of the legislators themselves. This is also why, in Europe, we have long been promoting constructive proposals to prepare a harmonized EU regulatory framework that does not create barriers to the development of #technology and the freedom of investors”.
In a press release, the company said:
“On the occasion of his visit to Rome, in the late afternoon of May 10, he will also meet the Binance community during the meeting entitled ‘CZ Meets Italy’, an exclusive opportunity to speak in person about his vision on the future of finance and the entire blockchain system”.
The meeting will be held at 5 PM (CET) on 10 May at the historic Palazzo Brancaccio, in the heart of the Capital.
Binance in France and Italy
CZ’s visit to Italy follows a few days after the one made in France, where his platform was registered on 4 May. In the same press release, he explains how the visit to Italy:
“follows an important milestone reached by Binance in France on Thursday, 4 May, where it obtained registration as a ‘Digital Asset Service Provider’ (DASP) by the AMF, the country’s stock market regulator, in the wake of the authorizations recently received in Bahrain, Abu Dhabi and Dubai”.
The main purpose of the trip to Italy, a country considered strategic for the company’s business, would be to continue along the path undertaken some time ago by Binance to seek an agreement with the regulatory authorities of the main countries in which it operates. This explains the recent hiring of two former executives of the British FCA and the American Finra.
According to some rumors, therefore, the purpose of the trip to Italy is to obtain the registration of the exchange with the OAM, the Body of Agents and Credit Brokers.
A few days ago, the CEO of Binance had tweeted ironically about the $500 million investment in the new Twitter of Elon Musk:
A small contribution to the cause. https://t.co/xD9XZxOWfL
— CZ Binance (@cz_binance) May 5, 2022
Two days later he went into more detail to briefly explain the reasons for this investment:
Why @Binance invests in @Twitter?
Support free speech
(Small entrepreneur) support (big) entrepreneurs
Invest in tools I use myself
Mission alignment: Bring web2 to web3
Proud that crypto is funding societal platforms. More in the video https://t.co/pf2AlSYVKW
— CZ Binance (@cz_binance) May 8, 2022
Davide Zanichelli and Luca Carabetta of the Finance Committee of the Chamber of Deputies for the Five Star Movement also commented on the meeting on Linkedin, explaining that all over the world the fintech sector is attracting brainpower and investments.
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