The tension between India and Pakistan once again increased and on May 7, India underwent aircraft at some terrorist bases in Pakistan under the ‘Operation Sindoor’. On the other hand where Crypto market caught speed after Operation SindoorOn the other hand, soon after this incident, reactions from all over the world have also started coming out. Meanwhile, Binance Founder and Famous Crypto Trader Changpeng Zhao (CZ) has made a big statement on social media.
CZ has said in its statement that “We wish everyone to be safe in Pakistan and India. We condemn the war. We should compete in technology and economic development, not in the fight. We are all humans and live on the same planet.”
‘It seems positive to hear this statement of CZ which came out after Operation Sindoor, but after remembering the terror attack in Pahalgam in Anantnag district of Jammu and Kashmir on April 22
It can also cause a major dispute. Because CZ did not directly criticize the military action taken by India, but keeping both countries at the same level and spoke in protest against Operation Sindoor, which has made some people anti -India and now after this statement, there has been a problem for the Binance change in India.
India is already under investigation, Binance is under investigation
After the CZ’s statement, the Indian government and investigative agencies can now be more strict on Binance. Even before Binance But there are allegations of unlicensed work in India and not accepting tax rules.
But now that CZ has opposed the war “by justifying both countries” equally “, the question arises in India whether Binance understands India’s policy or not.
Some experts say that this statement of CZ has not come politically at the right time. This can cause damage to the image of binance in India and some major action can be taken on it.
Reptation of binance may have a big impact
Millions of people in India use binance and the Indian crypto market is also growing rapidly, but it is also true that the government also wants to regulate it completely. At the same time, when the CEO of Binance makes such statements in such sensitive time, the government cannot take it lightly.
Experts believe that CZ should have maintained understanding at a time, especially when their company is already under investigation. On the other hand, if the Government of India now takes a drastic step about the binance, then both the reputation and profit of the company may get a big shock.
Will action be proceeded on Binance?
Now the question is whether the Government of India will take any new ban on Binance by taking this statement of CZ? Although no official feedback has been revealed yet, one thing is clear that the situation is not normal yet.
Conclusion
The CZ’s statement after the ‘Operation Sindoor run by India in reply to Pahalgam attack may be correct from the human approach, but making such a statement immediately after the Matri action of a country also raises many questions. At the same time, a big company like Binance needs to speak more thoughtfully while working in a big and sensitive market like India. Otherwise its business and legal results can be serious.
