CZ: Once voluntarily went to the U.S. to plead guilty to reduce the impact on Binance users and the overall cryptocurrency industry

CZ stated in his new book "Binance Life" that he proactively went to the United States in 2023 and admitted to violating relevant provisions of the U.S. Bank Secrecy Act, mainly involving Binance providing services to U.S. users without completing registration in the early stages.

CZ mentioned that under the backdrop of a tightening regulatory environment at that time, failing to make that decision could have brought greater uncertainty and potential impacts on Binance's operations, BNB holders, and the development of the industry. CZ indicated that he chose to personally bear legal responsibility to mitigate the impact on platform users and the overall crypto industry, ensuring the continuous operation of the business.