The President of Côte d’Ivoire (Ivory Coast) met with CZ – CEO of Binance to discuss the “economic, financial and regulatory” impact of cryptocurrencies in Africa.
On July 5, at the Presidential Palace of the Republic, Alassane Ouattara – President of Côte d’Ivoire (Ivory Coast) met with Changpeng Zhao – CEO of Binance exchange to discuss economic concerns, finance and regulation around access to Bitcoin.
During this meeting, CZ pushed the government to bring crypto-related activities to commercial exchanges in the region. Issues about the economy and cryptocurrencies were also discussed during the meeting.
In recent years, Africa has become the center of the crypto industry as more and more countries on the continent adopt a pro-crypto stance.
In early June, the Central African Republic accepted Bitcoin as legal currency. It is the second country in the world and the first in Africa to make this decision. Uganda is also currently hatching the idea of a CBDC. This shows the growing interest in cryptocurrencies in the continent.
According to an October 2021 report from blockchain analytics firm Chainalysis, the cryptocurrency market in Africa has grown by more than 1,200% in 1 year (2020-2021).
In the first half of 2022, Changpeng Zhao has made many trips to different countries such as: El Salvador, Italy, Kazakhstan and Vietnam. After each trip, CZ opens the door for the crypto market to be more widely accepted in these countries.
“My favorite job right now is going to countries to talk and convince people to adopt Blockchain technology,” said CZ, founder of Binance.
It can be said that, after each trip of CZ, each country has partly changed its attitude towards this financial market. The proof is that after the founder of Binance confirmed to Italy earlier this month, the country opened up to Binance, allowing the company to trade crypto assets with people. The event also marks an important milestone in Binance’s growth strategy.
On June 3, CZ had a trip to Vietnam. In the seminar “Innovation and legal compliance in the digital economy”, he shared his views on the future of blockchain in the process of digital transformation as well as Vietnam’s opportunities in the industrial revolution. new technology.
“Vietnam has a very strong software industry, your products are present everywhere in the world. I think everything about blockchain is just the beginning. It is essential that we create a transparent environment for startups to develop new things. I believe that in the next few years, Vietnam will have many unicorns in the blockchain field.”