Binance CEO Discusses Upcoming Year During Paris Blockchain Week

    • Binance makes a major appearance in Paris Blockchain Week.
    • Changpeng Zhao, CEO of Binance, talks about his expectations for the year 2022.
    • Zhao admires the french regulations on Blockchain.

Binance, the largest cryptocurrency exchange, announced its Web 3.0 space in Paris after its appearance at Paris Blockchain Week on April 13. Binance CEO Changpeng Zhao talked about his expectations for the year 2022 via a video interview.

Changpeng Zhao, also known as CZ, shared during Paris Blockchain Week his plans, thoughts, and expectations for the year 2022. He showed excitement toward the increasing number of governments and companies accepting blockchain technology.

He stated:

Multiple countries, such as the U.S., issued an executive order regarding stablecoins. Along with Bahrain, Dubai built a regulatory framework and issued a number of licenses to big players.

He also shared his excitement about recent innovations such as the Metaverse and Gamefi becoming more popular on a global scale. CZ also talked about how France, Portugal, Sweden, and Gibraltar are setting positive regulations, stating that it helps in the mass adoption of the technology.

As for his comments about the regulatory white paper of the French government, he said “In setting up this conference, our team asked permission to put Binance banners on the Palais Brongniart [Historical Paris Stock Exchange]. And the government was totally cool with granting permission, which shows their progressiveness.”

“I think just little things like that indicate how comfortable we feel with the government here,” added CZ. “That’s why we want to make heavy investments and grow the industry in France.”

According to a source, more than 60% of conventional companies have gained a profit when venturing into blockchain in France, compared to just 20% for the global market.