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Home Tech Crypto Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in...

Binance CEO warns of CBDC drawbacks as digital dollar pilots proceed in US

Document Analysis NLP IA

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probably it's an affirmation
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Summary (IA Generated)

Cryptocurrencies like Bitcoin (BTC) and Ether (ETH) will co-exist “for a while” with more restrictive digital currencies like China’s digital yuan, Binance CEO Changpeng Zhao said in a Bloomberg interview on Monday.

According to Zhao, some of the key features of cryptocurrencies like Bitcoin (BTC) — freedom of use and limited supply — won’t be offered by CBDCs.

Zhao said that the differences between the two types of digital assets could make central bank-issued currencies unattractive to people in the crypto industry.

Unlike a fiat currency like the United States dollar, the world’s biggest cryptocurrency, Bitcoin, has a limited supply, meaning that there won’t ever be more than 21 million bitcoins in the world.


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