Former Binance CEO Changpeng Zhao took a deep dive into the integration between blockchain, cryptocurrencies and AI agents and how both industries as well as nation-states should embrace crypto adoption sooner.
Speaking at the Binance Clubhouse event held on the sidelines of Token 2049 Dubai, CZ emphasized the importance of blockchain as a fundamental solution that can come to the rescue of many industries from education to finance and even governance.
According to CZ, AI will radically change many aspects of digital and financial life. And while we embrace those changes, it will be cryptocurrencies that will act as a natural currency for artificial intelligence. He also mentions how the most advanced AI agents were integrating specific tokens to operate within decentralized ecosystems.
CZ also had his share of criticism urging creators to be more mindful. He went on to add that “99.99% of tokens are useless” & “devoid of real utility”. His criticism was meant for those working in the sector like founders of Web3 projects to focus primarily on real and user-friendly applications, instead of merely chasing the “hype” created by the tokens.
The former Binance CEO also spoke on the government’s role in the adoption and regulation of cryptocurrencies. He lauded the efforts made by Bhutan, where the Himalayan nation is creating a strategic reserve by collecting Bitcoin, Ethereum, and even Binance’s BNB token. But he didn’t see those efforts being made by any European nations, except for Montenegro, going on to say that “Europe is kind of missing on the map” when it comes to regions supporting the crypto ecosystem.
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Before going on to consult with various governments on better adoption of cryptos, Zhao served a 4-month sentence in prison and was later released as part of a record-setting $4.3 billion settlement reached with U.S. prosecutors. He has been prohibited from having any involvement in managing Binance. He has also contributed to the creation of regulatory bodies like VARA in Dubai.