“If you haven’t read our email exchange with Reuters before that article was published, I encourage you to do so. Journalism is extremely important to our industry. But together we must stand up for fair reporting so that cryptocurrencies get adequate and accurate coverage,” Zhao expressed on her official Twitter.
“The facts are clear. According to Chainalysis, only 0.15% of ALL cryptocurrency transactions in 2021 were associated with any type of illicit activity. The UN estimates that between 2% and 5% of the fiat (cash), with a value of 800,000 million dollars to 2 trillion, was associated with some type of illicit activity. Let’s be realistic”.
“Yesterday’s Reuters article is a huge waste of time and resources. This is the last I’ll say on the matter, and the last our team will interact with the writer. The author continues to wear it like a badge of honor on Twitter when pieces of fiction by him are fact-checked after publication,” the CEO added.
“We are not perfect. We have made mistakes in the past, as you would expect from a young company operating in a disruptive new industry. But that does not give them the right to ignore their obligations to tell an objective story. It doesn’t even have to be balanced. just fair”.
“As policymakers continue to debate how this industry should be regulated, we will do our part by responding to all inquiries, supporting law enforcement where possible, and acknowledging our mistakes.”
“I talk to 5-10 journalists every week. Sometimes I disagree with the way journalists cover us or with a specific aspect of our industry. It’s okay. Most seek to write an objective story. External criticism is healthy. It would be much more worrying if there were no criticism. just have to be fair”, concluded Changpeng Zhao.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
