Former Binance CEO Changpeng “CZ” Zhao expressed concerns about the lack of progress in European countries regarding the adoption of digital currencies. While areas in the United Arab Emirates like Dubai are embracing crypto, Zhao noted that most European nations, except for Montenegro, were not actively participating in the discussion. Montenegro has shown a positive stance towards crypto, aiming to become a hub for blockchain innovation. In contrast, European countries are still working on regulatory frameworks for digital assets. The US, on the other hand, is exploring the creation of a crypto reserve, putting pressure on other nations. Despite efforts like the EU's Markets in Crypto-Assets framework, Europe seems to lag behind in strategic crypto initiatives. Zhao's insights were shared at the Token2049 conference in Dubai, where industry leaders discussed the future of digital currencies. Read more AI-generated news on: https://app.chaingpt.org/news

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