PANews June 27 news, Binance co-founder He Yi posted on X platform saying, "Any emerging industry will encounter varying degrees of regulatory and competitive challenges during its development, just like Airbnb and Uber (try asking AI which countries they were once banned in?), but that hasn't stopped them from becoming the greatest internet companies of the mobile internet era. Compliance is a topic everyone has been very focused on recently. I believe this is progress for the industry, indicating that it is gradually transitioning from a wild growth phase to self-discipline and self-regulation. For regulators in the EU region, building effective communication and trust with Binance may still take time, but we will not give up."