何一: Compliance and regulation represent industry progress; Binance will meet challenges head-on with its sights set on "the stars and the sea."

Odaily reported that He Yi posted on X platform: “Any emerging industry will encounter varying degrees of regulatory and competitive challenges during its development, much like Airbnb and Uber (try asking AI which countries have banned them?). Yet this hasn't prevented them from becoming the greatest internet companies of the mobile internet era.

Binance has always regarded the issues we face as opportunities to enhance our team's capabilities and standards. Over the past few years, we have set the industry benchmark for user asset transparency and established the highest compliance standards in the sector. It may take time for regulatory authorities in the EU region to build effective communication and trust with Binance, but we will not give up. We will continue to adhere to the gold standard of compliance in the global crypto industry.

Compliance is a topic of great concern recently, and I believe this reflects the industry’s progress, signaling a transition from its wild west phase toward self-discipline and restraint. However, the lesson I've learned this time is: companies that hold licenses are not necessarily compliant or self-disciplined, and Binance’s adherence to gold-standard compliance may not guarantee obtaining a license. But our goal is the stars and the sea—not rolling in the mud with competitors. We will hold ourselves to the highest industry standards.”