PANews 30 October news, PANews on-site report, Binance co-founder He Yi stated in a speech at Binance Blockchain Week 2024 that the biggest challenge for Binance was last year's resignation of CZ. The resignation of a company founder is undoubtedly a huge challenge, but Binance has achieved great results through a mature management system and mutual support among the team. Entrepreneurial teams often open up markets through the prominent performance of their founders, while a mature team with a good organizational culture can continue to grow even in the absence of a founder. The external challenge lies in regulation, as regulatory agencies have paid a lot of attention to the crypto industry. Different regulatory bodies have different understandings of the industry, so Binance collaborates with various regulatory agencies. When asked about industry doubts regarding why there is such cooperation with regulatory agencies, He Yi stated that Binance hopes to serve more users with the support of regulation, backing billions of users in using cryptocurrencies. "Binance wants to become Google, aiming to create the future internet world, making Web3 more accessible," He Yi added.