Binance CEO Changpeng Zhao (CZ), has made a bold prediction after China’s Central Television (CCTV) aired coverage of crypto, describing it as a “big deal” that could lead to a bull run in the market. The coverage included an announcement from the Hong Kong Securities Regulatory Commission stating that a mandatory licensing system for virtual asset trading platforms would be implemented from June 1st.
Binance Braces For Bull Run?
Binance’s CEO claimed that the news has generated significant buzz in Chinese-speaking communities, with many speculating that the coverage could lead to increased adoption of cryptocurrencies and a surge in prices. This is not the first time that coverage of this kind has been linked to bull runs in the crypto market, according to CZ.
The announcement from the Hong Kong Securities Regulatory Commission is also…
