During the press conference, Zhao said he was looking for a candidate with extensive experience inthe sphere of work in regulatory bodies.
He said:
There is always a group of candidates who could replace me. We are looking for someone with a strong regulatory background for the CEO position.
Zhao added that the timing of his departure from office is still unknown. For now, he continues to serve as CEO of Binance.
In recent months, regulators in many countries have been putting a lot of pressure on Binance. Because of this, some companies have already stopped cooperating with the cryptocurrency exchange.
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Based on materialswww.coindesk.com
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