Binance CEO Warns Against Isolating CBDCs From Broader Crypto Ecosystem

Binance CEO Warns Against Isolating CBDCs From Broader Crypto Ecosystem
Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, believes the contribution of central banks digital currencies (CBDCs) will be broadly positive to the crypto world, but warns issuers against isolating them from the broader ecosystem.CBDCs are an “additional option”, which is usually better than not having one, CZ said in a blog post on Tuesday.“However, as governments and regulators look to create their own CBDCs, I caution them against their very walled-garden nature,” he wrote.CZ expects CBDCs to require consumers to ask for permission to use them for certain things, such as investing in projects in different countries. A…