Binance CEO: Race Towards Bitcoin (BTC) and Crypto Adoption Underway

Changpeng “CZ” Zhao, the CEO of Binance, a leading cryptocurrency exchange, says institutional interest in Bitcoin (BTC) and other digital assets is on the rise. CZ also says that an increasing number of people are adopting crypto assets.

In a recent interview with Bloomberg, CZ says,

“We’re definitely seeing a lot of institutional interest picking up. I think the regulatory uncertainty is still affecting some countries, but there’s definitely a race towards [crypto] adoption now. Binance is working with a number of governments. We signed a memorandum of understanding (MoU) with the government of Ukraine, [which involves] advising them on [developing] regulatory frameworks.”

He adds,

“We [are] working very closely with the MAS [or the Monetary Authority of Singapore,] which is one of the regulatory bodies [in the Asian country.] We work with a number of other regulatory bodies around the world, so I think things are improving very quickly.”

Commenting on Chinese president Xi Jinping’s seemingly positive statements regarding blockchain, CZ says that he believes China will invest “heavily” in platforms using distributed ledger technologies.

He also mentions that other countries will follow in China’s footsteps by implementing blockchain-powered solutions.  

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