Cryptocurrencies
Central Bank-Issued Digital Coins Seen Co-Existing With Bitcoin
- CEO of Bitcoin exchange Binance says Ether demand is high
- Crypto fans won’t like the more-restrictive coins, Zhao says
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Cryptocurrencies like Bitcoin and Ether will co-exist “for a while” with more-restrictive digital coins such as the one issued by China’s central bank, according to Changpeng Zhao, chief executive officer of Binance.
Zhao, who runs the world’s largest Bitcoin exchange, said digital assets issued by central banks will be different than public coins in many ways. They won’t offer the same freedom of use and won’t have a supply cap in place, Zhao, who’s also known as CZ, said Monday in a Bloomberg TV interview.