CBDCs are no threat to crypto, says Binance boss
Binance CEO Changpeng "CZ" Zhao says there is room for CBDCs and crypto, and that he didn't see it as a threat to his company or the sector. Binance CEO Changpeng "CZ" Zhao appears to have softened his stance on central bank digital currencies (CBDCs), arguing in a conference that he doesn’t think CBDCs are a threat to his company or the crypto sector. CZ spoke at the Web Summit in Lisbon on Nov. 2 about CBDCs and their role in the crypto industry.The Binance boss said that CBDCs would validate blockchain technology and build trust among those with concerns about the technology,....
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Binance boss Changpeng Zhao aired his views on CBDCs adding that Bitcoin could be under threat if a more advanced currency was launched Changpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin. In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital yuan initiative would affect the crypto industry. Zhao responded that any blockchain or digital currency would be good for the industry overall as it legitimizes digital assets and....
The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government is using the technology now,'” he opined.
CZ Sees No Threat to Crypto Coming From CBDCs
Binance CEO Changpeng Zhao (CZ) said Wednesday that he believes central bank digital currencies (CBDCs) are not a threat to cryptocurrencies, like bitcoin (BTC) and ether (ETH), Reuters....
The boss of the world's largest crypto exchange said we've been through this before as a community. Binance CEO, Changpeng Zhao, commonly known as “CZ,” said in a recent interview that a potential crypto winter is good for business.When asked how Binance will fare during the current crypto winter following reports of recruitment freezes at Gemini and Coinbase, he answered confidently. “It’s not the first time we’ve gone through a crypto winter. If we are in a crypto winter, it would be my third and Binance's second. So it's not the first time we’ve been through this.”Some climbing ahead.....
Hugo Boss has recently partnered with Imaginary Ones, an esteemed Web3 firm, with its quest to jump into the NFT and Metaverse bandwagon. Evidently, Hugo Boss is set to roll out its first-ever NFT collection dubbed the HUGO x Imaginary Ones, and this collaboration with Imaginary is set to give the world-class fashion brand a […]
Binance, one of the largest cryptocurrency exchanges, faces mounting challenges as it navigates a complex legal landscape with the US Department of Justice (DOJ). According to a report by The Wall Street Journal, Binance’s empire is “under threat,” leading to significant consequences for the crypto industry as a whole. Related Reading: Taiwan Rolls Out 10-Point […]