Crypto Support

On March 12, CZ, the founder of Binance, said on the social platform that the bank is a risk for the stable currency supported by the legal currency. In response to netizens’ comments that we need crypto support, we replied that Do Kwon was actually right, but failed miserably in implementation. CZ: Bank’s risk to stable currency supported by legal currency Analysis based on this information:The founder of Binance, CZ, spoke about the risks that banks pose on stable currency supported by the legal currency on March 12, 2021. CZ discussed this on a social platform, where he addressed netizens’ comments regarding the need for crypto support in the financial industry. According to CZ, banks pose a significant risk to the stability of currency, particularly in the wake of the recent pandemic that has affected many economies globally. CZ’s comments suggest that banks may not be the best support for stable currency given their inability to withstand major economic upheavals…