“I can’t believe that CZ and Binance have a license to operate in the UAE. He’s banned in the U.K., he’s under investigation by U.S. Justice Department for money laundering,” said Roubini, who was nicknamed “Dr. Doom” for his prior ominous forecasts, including a prediction of the property market crash in 2007-2008.
Before Roubini’s comments in Abu Dhabi, CZ said on a separate panel he had seen “very significant interest” in assistance for his proposal to set up a recovery fund to support crypto projects facing a liquidity crunch.
Discussing his biggest mistake, he said: “Originally I would’ve said we could’ve moved a bit faster but given what happened last week that might not have been a great idea. Doing things step by step is actually more important.”
In response to a question on whether crypto needed saving, he said: “Crypto has actually shown extreme resilience … I think the industry will be fine.”
