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Astana, Kazakhstan • 23 August 2022

Binance CEO Talks Future of Cryptocurrency and NFT

Kazakhstan is on its way to becoming a 'crypto hub'

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Binance
Binance

Bitcoin vs. Fiat Money

“I don't think [cryptocurrencies replacing fiat money] will happen in the short term. Frankly, when something new is created, it doesn't necessarily mean that the value of any existing things will be lost."

What will happen to the blockchain and cryptocurrency industry?

NFTs are here to stay

“NFT is here to stay. It has many uses, and right now we are only seeing the tip of the iceberg. NFT has brought a lot of people into the field who weren't even interested in cryptocurrencies before. I've talked to people who tell me they are doing NFT and have never used cryptocurrencies before. NFT now is one way for content creators to sell their art to fans around the world. It's exactly the kind of opportunity that wasn't available to us before.”

Kazakhstan as a crypto hub

“I think that Kazakhstan is well advanced digitally... The national identification system, other digital projects, the digital economy, and the IT sector are all pretty good things. We are involved in developing projects and want to do more to make Kazakhstan a crypto hub.”

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NFT
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The Qazaqstan Monitor is a website informing about events in business, creativity and achievements in Kazakhstan and Kazakhstanis abroad. When working with materials of The Qazaqstan Monitor website, only 30% of the text with obligatory hyperlink to the source is allowed. When using full material it is necessary to obtain the editors’ permission. The Qazaqstan Monitor editors do not always share the views of the authors of articles. In case of violation of the terms of posting materials, the editorial staff of the site has the right to resolve disputes in a lawful manner.