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Zhao Changpeng Shares Insight on Professional Conduct and Harmful Industry Practices

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On February 15, Zhao Changpeng made a speech on the official Twitter Space of Coin An and criticized Bloomberg\’s report that Circle complained about Coin An to…

Zhao Changpeng Shares Insight on Professional Conduct and Harmful Industry Practices

On February 15, Zhao Changpeng made a speech on the official Twitter Space of Coin An and criticized Bloomberg’s report that Circle complained about Coin An to the New York State Department of Financial Services (NYDFS). “I really don’t believe that Circle would do that. I don’t think professional industry peers would want to do that to another industry peer.” Zhao Changpeng said, “As we can see now, it will only harm the whole industry… I will not take that article seriously now.”

Zhao Changpeng: I don’t believe Circle will complain about Coin An. Professional peers will not do so

Interpretation of the news:


Zhao Changpeng, founder of digital asset exchange platform Coin An, recently made a speech on the company’s official Twitter Space, calling out a report by Bloomberg that alleged Circle, a peer in the industry, had complained about Coin An to the New York State Department of Financial Services (NYDFS). The report had cited anonymous sources, and was seen as furthering an agenda against Circle and Coin An, while also affecting the reputation of the entire industry.

Zhao expressed deep skepticism about the report, saying, “I really don’t believe that Circle would do that. I don’t think professional industry peers would want to do that to another industry peer.” He added that such harmful practices only serve to weaken the industry as a whole, and that he would not take the article seriously.

Zhao’s comments reflect an important aspect of professional conduct in the digital asset industry, which values trust and transparency among its members. As a rapidly growing sector of the economy, the cryptocurrency market is highly dependent on goodwill and cooperation between firms, regulators, and other stakeholders. In this regard, responsible business practices and open communication are essential for maintaining the integrity of the industry as a whole.

While Zhao has not commented on the veracity of the Bloomberg report, his overall message underscores the importance of accountability and integrity in the digital asset industry. By upholding these values, businesses can build trust with their customers and partners, foster innovation, and ultimately contribute to the growth and success of the sector.

In conclusion, Zhao Changpeng’s speech on the Coin An Twitter Space serves as a timely reminder of the importance of professional conduct and ethical standards in the digital asset industry. With a focus on transparency, accountability, and cooperation, industry peers can work together to promote growth, innovation, and trust in the cryptocurrency market.

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