Changpeng Zhao, CEO of Binance, responded to Bank for International Settlements (BIS) Chief Agustín Carsten’s sharp criticism of cryptocurrencies on Wednesday.
What Happened: In an interview with Bloomberg, Carsten said that fiat currencies “won the battle” against cryptocurrencies and that “technology doesn’t make for trusted money.”
Zhao responded to the criticism by saying that “It’s not a battle. Technology doesn’t fight with anyone. You use it if you like, and don’t use it if you don’t like it. That’s all.”
It’s not a battle. A technology doesn’t fight with anyone. You use it if you like, and don’t use it if you …
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