Binance CEO Richard Teng Says Crypto Needs Two Elements To Witness Mass Adoption
Binance chief executive Richard Teng believes crypto is the future of money and financial services.
In an interview on The Wolf of All Streets YouTube channel, Teng says that crypto “needs two elements to come into play” to enjoy widespread adoption.
“Firstly, you need more regulatory clarity. Because for the early adopters, people are embracing it without clarity. But for mass adoption to come through, they need to understand that the regulators are looking into this space, they feel adequately protected for mass adoption to come through.
Secondly, you need institutions. Because without institutions, if it’s mainly retail play, the price action is going to be extremely volatile.
So with more institutions, with more…
