Sun Yuchen: willing to accept the idea of creating a cryptobank and provide capital, management and operation support
It is reported that Sun Yuchen Justin Sun announced on social media that recent events such as Silicon Valley Bank have highlighted the potential harm to many people in the industry. Now is the time to establish a reliable bank that can meet the needs of the encryption industry. As a supporter of this ecosystem, I am willing to accept any idea that will help to create such a bank. Sun Yuchen said that he is willing to cooperate with friends and provide capital, management and operation support. Whether it is onshore or offshore banks, a strong banking infrastructure that connects traditional finance and cryptocurrency is crucial for the wider adoption of cryptocurrency. It will establish a safe and standardized environment for the encryption industry, and ensure that events like Silicon Valley Bank will not happen in the future.
Interpretation of this information:
Sun Yuchen, the founder of TRON and CEO of BitTorrent, has called for the establishment of a reliable bank that can meet the needs of the cryptocurrency industry. He made his announcement through social media, stating that recent events such as those involving Silicon Valley Bank have highlighted the potential harm that the industry can face if it is not properly supported. Sun is willing to accept any idea that can lead to the creation of such a bank and is even offering capital, management, and operation support to make it happen.
According to Sun, a strong banking infrastructure that connects traditional finance and cryptocurrency is crucial for the widespread adoption of cryptocurrency. Such a bank can establish a safe and standardized environment for the encryption industry, which can significantly reduce the potential risk of events like the Silicon Valley Bank incident from happening again.
Sun supports every effort that can advance the ecosystem of cryptocurrency particularly in the face of the risks of the cryptocurrency industry. Therefore, the establishment of a reliable bank that can meet the needs of the industry will be an excellent step forward for the cryptocurrency industry.
In summary, Sun Yuchen’s message is about the need for a reliable bank that can meet the needs of the cryptocurrency industry to establish a safe and standardized environment. The three keywords that can summarize this message are reliable bank, safe and standardized environment, and cryptocurrency industry.
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