Binance Founder CZ Asserts Centralized Exchanges Have No Incentive to Aid Terrorists
CZ states that centralized crypto exchanges (CEXs) earn minimal revenue from illicit actors, who tend to withdraw funds rapidly, undermining any motive to assist them.
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Terms & Concepts
Centralized Exchange (CEX): A cryptocurrency trading platform controlled by a single organization, handling user custody and operations directly.
CZ (Changpeng Zhao): Founder and former CEO of Binance, one of the world’s largest crypto exchanges.