CBDCs will never offer the same freedom of use as cryptocurrencies like Bitcoin, according to Binance CEO Changpeng Zhao.
Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan, Binance CEO Changpeng Zhao said in a Bloomberg interview on Monday.According to Zhao, some of the key features of cryptocurrencies like Bitcoin (BTC) — freedom of use and limited supply — won’t be offered by CBDCs. “At the end of the day, those are core properties that users care about,” he stated.Zhao said that the differences between the two types of digital assets could make central bank-issued currencies unattractive to people in the crypto industry. “Most central-bank digital currencies are going to have a lot of control attached to them,” he noted.Unlike a fiat currency like the United States dollar, the world’s biggest cryptocurre
Binance will end support for BUSD stablecoin in December
Many users’ Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31. Czytaj…
