CEO of cryptocurrency exchange Binance Changpeng Zhao told Fortune how he sees the future of digital currencies of central banks (CBDC) and what it means for the industry to pursue the BitMEX trading platform by US regulators.
In the early stages, Zhao believes that few CBDCs will be as free as Bitcoin. He did not rule out that in the future assets will be more open and cheaper to use.
The CEO of Binance compared their appearance for Bitcoin with the programming language HTML5, which replaced HTML4.
“But it will be good for the industry,” Zhao said.
Some media outlets believed that the head of the exchange saw a threat in the CBDC for Bitcoin. According to Zhao, this is a misinterpretation of his words.
https://twitter.com/cz_binance/status/1319167079686172673?s=20
The head of Binance believes that the first versions of the CBDC will be "fairly centralized." Despite using blockchain technology, they will be very different from bitcoin, he said.
https://twitter.com/cz_binance/status/1319167639722156033?s=20
Zhao also touched on the case against BitMEX, noting that regulators have become stricter towards the industry lately. He called on the community to "be more careful" and called the exchange harassment a "wake-up call" for the bitcoin industry.
Earlier, a similar opinion was expressed by SEC Commissioner Hester Pierce. The accusations against BitMEX are a "loud and clear message" to the industry about the need to comply with regulatory requirements, she said.
Recall that the first state digital currency was issued by the Bahamas. The project does not provide for the anonymity of Sand Dollar users, but follows the rules of privacy and data protection.