Binance CEO Changpeng Zhao has said countries better regulate crypto rather than fight it, claiming that crypto adoption will happen no matter what. 

During a Binance event in Athens, Greece on Friday, CZ noted that crypto regulation has once again become a hot topic amid the recent fallout of cryptocurrency exchange FTX. He advised countries to propose regulations rather than opposition to the crypto sector. 

"I think most governments now understand that adoption will happen regardless. It's better to regulate the industry instead of trying to fight against it," Zhao said.

As reported, FTX announced that it had filed for Chapter 11 bankruptcy in Delaware a couple of weeks earlier. The exchange had lent as much as $10 billion worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, a move that has attracted the ire of FTX users. 

(By Ruholamin Haqshanas)