CBDCs are no threat to crypto, says Binance boss

[Google News Bot]

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, commenting: “I very much think that the more we have, the better.” He also added that governments adopting blockchain would be se ...

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