Focus on the fundamentals of crypto technology and becoming a reliable player in finance rather than getting distracted by the money in the space, said Binance founder and CEO Changpeng “CZ” Zhao, holding court at the World Economic Forum in Davos.
“When the tide recedes, all the hype goes away and it’s the fundamentals that matter,” Zhao said. “In our industry, we’re so close to the money … so many people get distracted by that and that’s all they focus on,” he added.
Still by far the largest crypto platform globally, Binance has come under scrutiny after accounting firm Mazars retracted the company’s “proof of reserves” report which sought to verify the exchange’s holdings.
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