The CEO of Binance, Changpeng "CZ" Zhao, claims that there is space for both CBDCs and cryptocurrencies
and that he does not view either as a threat to his business or the industry.
Changpeng "CZ" Zhao, the CEO of Binance, appears to have changed his mind about central bank digital currencies (CBDCs),
saying during a conference that he doesn't believe they pose a threat to his business or the cryptocurrency industry.
The CEO of Binance asserted that CBDCs will bolster confidence among individuals who had doubts about blockchain technology and legitimize it.