Former founder of Binance: Digital currencies have become safer for regulators compared to cash transactions

Sayed Hussein Al-Qassab

The founder and former CEO of the Binance platform, Changpeng Zhao, known as CZ, confirmed that dealing with digital currencies has become easier and safer for regulators, compared to traditional cash dealing.

This came during his participation in a session entitled “Digital Currencies in the Transformation Phase: Legitimacy, Trust, and the Future of Modern Finance,” on the sidelines of the Future of Financial Technology Forum 2025, during which he focused on the future of digital currencies and their role in the financial sector and the global economy.

Zhao explained that the adoption of digital currencies is constantly increasing, with a larger number of individuals owning digital assets and regulatory authorities adapting to them, stressing that the United States plays a pivotal role in enhancing the legal legitimacy of digital currencies, which has helped create broader acceptance among traditional institutions, such as Blackrock and a number of institutions in China and the Emirates, which contributes to the adoption of digital currencies on a broader scale.

He explained that innovation in this field goes through a natural phase of experiments and failures, just as happened with emerging companies in the Internet sector, stressing the importance of close cooperation with regulatory authorities to achieve stability in the sector.

Zhao also stressed that stable digital currencies and central bank digital currencies hold broad opportunities, noting the importance of ease of use, speed of transfer, and flexibility of access as key factors for expanding reliance on them globally, and that adopting these digital financial tools directly contributes to strengthening the local economy and attracting international talent.