Summary
- Binance CEO Richard Teng warned that countries that are late in adopting blockchain will incur more costs.
- He stated that countries embracing blockchain early will enjoy many advantages.
- He emphasized the benefits of blockchain adoption as reducing capital raising costs, attracting tech investors, and building digital infrastructure.
The CEO of Binance has warned that countries that are slow to adopt blockchain will incur higher costs.
On the 21st (local time), Richard Teng, CEO of Binance, stated on X (formerly Twitter), "Countries that embrace blockchain early can enjoy many advantages," and "Countries that adopt blockchain late will pay the price of incurring more costs to close the gap." He cited the advantages of rapid blockchain adoption as △ reducing capital raising costs △ attracting tech-focused investors △ building a robust digital infrastructure.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
