Binance CEO Shows Respect to Elon Musk and Shares News of Expansion to Indonesia

Elon Musk, the well-renowned Tesla and SpaceX CEO, recently spotted showing a bit of interest in cryptocurrencies and Bitcoin, in particular, has resumed e-car production at one of the Tesla factories in Fremont, California.

Musk is doing so contrary to the orders of Alameda County authorities who insist that local people stay at home during the global lockdown.

Binance CZ has tweeted that he disagrees with Musk’s decision, although he does respect the prominent entrepreneur for his desire to ‘buidl’.

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Binance CZ respects Musk but does not approve of his decision

Changpeng Zhao (CZ) has taken to Twitter saying that his opinion on people gathering together for work during the lockdown other than online is contrary to Elon Musk's. Still, he respects Musk’s energy and desire to ‘buidl’.

I actually have a difference in opinion about gathering people together physically for work, but respect the courage and drive to #buidl. https://t.co/qxdHZmSBz0

— CZ Binance ??? (@cz_binance) May 12, 2020

The Tesla CEO emphasized that he would not let anyone be arrested for breaking the lockdown. Still many in the comments rebuked Musk for choosing to earn money over ensuring the safety of his factory workers and asked whether Musk is going to pay for funerals if any of the employees die.

Will you also take responsibility for dead employees and pay for funerals? It's really sad that you value production over human life.

— PainHostage Winks ??? #FBR #CPP (@JustWinks) May 11, 2020

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Binance invests in top regulated Indonesian exchange

On Monday, Binance spread word about its expansion to Indonesia. Binance has invested in the major Indonesian crypto exchange Tokocrypto, regulated by the local authorities.

#Binance Invests in First Regulated Cryptocurrency Exchange in Indonesia, @Tokocrypto ??

in 2019 as Tokocrypto became the first cryptocurrency exchange to be regulated by the Indonesia Commodity Futures Trading Regulatory Agency (BAPPEBTI).https://t.co/7ryxDBWPEM

— Binance (@binance) May 12, 2020

The article by Binance says that the invested funds will help Tokocrypto enhance the development of its business, create new products and services and help launch blockchain education in the country.

The company’s CEO, Pang Xue Kai, stated:

“The investment from Binance will help establish Tokocrypto’s leading services in the Indonesian market and accelerate our vision in bringing an open financial ecosystem through blockchain technology."