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Crypto Hater Roubini Says He Is Not Attacking CZ of Binance, But There's a Catch

Wed, 11/16/2022 - 12:11
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Yuri Molchan
Nouriel Roubini criticizes CZ as Binance lands license to operate in UAE
Crypto Hater Roubini Says He Is Not Attacking CZ of Binance, But There's a Catch
Cover image via www.youtube.com

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Prominent economist Nouriel Roubini, also known as "Dr. Doom" because he was able to predict the mortgage crisis of 2008-2009, has been going at the head of Binance, CZ, stating that he is "even shadier than Sam Bankman Fried."

A few days ago, Roubini also attacked Dogecoin, saying that it is still around thanks only to Elon Musk.

In the meantime, Binance has been granted a license to offer crypto custody services in UAE's Abu Dhabi.

"Dr. Doom" calls for CZ to be sent out of UAE

As Roubini was speaking on stage earlier today at the Crypto Abu Dhabi event organized by ADGM, he called head of Binance Changpeng Zhao (CZ) a "shady character." Notably, CZ was on the same stage giving a speech on the same day before Roubini spoke.

Per Roubini, Mike Novogratz, founder of Galaxy Digital crypto bank, was also there together with CZ.

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Binance gets license from UAE regulators

In a tweet published later, the economist stated that he did not attack CZ when speaking on stage. Per him, he was just telling the authorities of the UAE that Binance is banned in the U.K., and the U.S. Justice Department is investigating this exchange in connection with money-laundering allegations and wondering why he was invited to the Arab Emirates.

On the same day, i.e., today, Binance spread the word on Twitter that it had received approval from UAE regulators to conduct crypto custody services in the country.

The permission was granted to Binance by the Financial Services Regulatory Authority (FSRA). In April this year, the exchange received permission to operate as a broker-dealer in digital assets in the UAE.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.