EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Binance: CBDC’s Are No Threat To Crypto

Admin by Admin
November 3, 2022
in Crypto News
0
Community Makes South Park Version Of CZ Binance
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

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.

He also added that governments adopting blockchain would be seen as a good thing. However, he noted blockchain does not equal crypto which he termed as deflationary.

Central banks around the world are racing to research, pilot, and deploy their CBDCs, with China seen by some as leading the race.

There are however continued concerns that a programmable digital currency gives central banks unprecedented control over what groups of citizens can use it and what they can spend it on.

Citizens who want less government involvement in their financial lives might see problems with CBDCs.

A digital-ID-linked CBDC could be used to crack down on dissidents or control carbon-friendly spending. Turkey is one country planning a digital ID-linked CBDC launch in 2023.

15 countries are currently piloting a CBDC including China, Kazakhstan, Thailand, Saudi Arabia, Sweden, South Africa, and Russia. Other countries that have actually deployed a CBDC include Nigeria, Jamaica, The Bahamas, and eight Caribbean island nations.

The U.S. lags behind the rest of the world as it is still in the discussions phase, while reactions to a digital dollar have been largely divided among Americans.

 

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: BinanceCBDCCrypto
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Robinhood Not Giving Up On Crypto Despite Q3 Crypto Revenue Slashing

Next Post

Top 5 Stablecoins to Beat Crypto Crash

Admin

Admin

Next Post
DEX Users Panic After Stablecoins Vanished

Top 5 Stablecoins to Beat Crypto Crash

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>