BlockBeats News, January 22nd, Binance founder CZ today spoke at the “Financial New Era” panel discussion at the World Economic Forum in Davos, stating, “Currently, in the crypto industry, exchanges and stablecoins have achieved large-scale application and validation. The three main promising directions for the future are: asset tokenization at the national level, cryptocurrency as an ‘invisible’ payment underlying channel, and AI agents achieving autonomous trading, using cryptocurrency as their native currency.
The fundamental reason banks face risks is the design of the ‘fractional reserve system.’ Over time, physical banks will significantly decrease in the next 10 years, and people will increasingly not need to visit physical banks in person. CZ pointed out that ING was the first to promote online banking, and now cryptographic technology and electronic KYC are speeding up this transformation. Banks remain important, but the entire industry’s form is being redefined.
CZ believes that Meme tokens, similar to previous NFTs and the Metaverse, are highly risky and speculative. Although meme coins with cultural value like Dogecoin may exist in the long term, most Meme tokens will not survive in the long run.
Currently, there are significant differences in crypto regulatory policies among countries. Therefore, establishing a global regulatory body is quite challenging. We hope to see such an institution emerge, especially if this global regulatory body can establish a relatively innovation-friendly regulatory framework. This significantly simplifies the work for industry participants. Efforts are being made to collaborate with governments worldwide to shape appropriate regulatory frameworks.”
