Binance CEO believes Turkey has an important role in the future of blockchain and crypto industry.

CEO of Binance, Changpeng Zhao, believes Turkey has a crucial role in blockchain and cryptocurrency fields. He also said that this role gives a really good chance for the country to lead financial technologies.

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According to the Hurriyet Daily News report, Binance CEO, CZ said that Turkey is one of the most active markets in these areas, and it will become very important in the financial world tomorrow. Binance is one of the leading crypto exchanges in the world.

Turkey plans to launch its CBDC.

As reported earlier, Turkey is planning to launch its central bank-backed digital currency by the end of the next year. According to officials, the main objective of the country’s cryptocurrency is to establish a financial sector with a strong institutional structure that can help boost the country’s economy and support Istanbul’s goal of becoming an attractive global financial center.

 

“China only wants to increase blockchain development.”

CZ further mentioned that China wants to increase blockchain development, technology development, but they are not interested in promoting cryptocurrencies. Earlier, Chinese President endorsed blockchain technology as asked the country to take the lead in this field. Experts believe that President’s remarks had caused the spike in the price of the bitcoin. As reported earlier, China’s central bank has announced a crackdown on cryptocurrency-related businesses in the country.

Binance CEO also noted that in the future, all the paper notes would be replaced by blockchain-based digital currencies.

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Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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