CZ: Establishing a compliant cryptocurrency-to-fiat OTC channel is the key issue at present.

BlockBeats reported on September 14th that during the Token2049 conference, Binance founder CZ spoke at the "Virtual Fireside Chat: CZ" event in Singapore. He stated, "In my opinion, the key is the OTC channel for fiat-to-crypto exchange, as everyone's focus is different, and that's the key to how we see the problem. Earlier this year, due to the strengthening of regulatory policies, we saw many traditional institutions exit the OTC market. But at the same time, we also saw new institutions enter the market. This industry already has tens of millions of users. I think doubling the number of users could bring the entire industry to a billion users. For most banks, if they only provide services for one country, they will have very few users. If they can get 1 billion users, that would be huge for a bank. We can bring tens of millions, or even hundreds of millions, of users to these traditional financial institutions and benefit greatly from it. Therefore, we see many traditional financial institutions hoping to seize this opportunity. So, although it is important to focus on the higher-level use cases of cryptocurrencies, in order to attract more people to join the cryptocurrency world, we must convert fiat currency to cryptocurrency and vice versa."