The CEO of Binance called not to compare Bitcoin and CBDC
The head of the Binance exchange said that CBDCs cannot be compared to Bitcoin and other cryptocurrencies.
Changpeng Zhao, head of the Binance exchange said that CBDCs cannot be compared to Bitcoin, as they fit more under the definition of stabelcoin. Although he believes that the emergence of CBDC will help international regulation of cryptocurrencies.
“Today, central banks and governments are educating the masses about blockchain technology and cryptocurrencies. Data from community cryptodefix. And guess what, you can't learn about blockchain without learning about Bitcoin. And when you learn about Bitcoin, you learn about the valuable fundamental properties of money - scarcity, freedom to transact, and low fees.” - Changpeng Zhao said.
Governments can get merchants to accept CBDC fast enough, leading to more use of cryptocurrencies and cryptocurrencies. Also, the head of Binance believes that most CBDCs will be subject to inflation.
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