Changpeng Zhao made a tweet earlier today to thank Francesco B and everyone who attended the meeting in Italy last week. He also went on further to thank Francesco B for the written summary of the meeting he posted on Linkedin and shared the link to the summary so his followers could have an idea of what was discussed.
Francesco B’s Summary of the Meeting in Italy
Changpeng Zhao and his staff, including Lorenzo Capone, Helen Hai, Min Lin, Gianluigi Guida, and Martin Bruncko, were pleased to meet. According to Francesco B, no matter how outlandish an idea may seem, politics should not back down in its face. Instead, everyone has a moral obligation to comprehend it, appraise its societal significance, and encourage its adoption into the legal system. It’s not every day that you get to speak with a corporation with a clear goal for the next 20 years.
Binance’s goal is to serve as a catalyst for the evolution of the internet from Web 2.0 to Web 3.0. Web 3.0 will prioritize dispersed infrastructures, encourage reciprocity, and facilitate microtransactions. Transforming the way digital human-machine interactions are conducted necessitates completely reimagining them, better understanding their business models, and improving how money is earned. Binance counters this via e-learning and scholarships, which are especially valuable in countries where the government lacks the resources to provide technology education.
It takes precedence over invention when there’s too much of it. It doesn’t imply a lack of regulation, as cryptocurrency is already subject to regulation in Switzerland, the United Arab Emirates, Bahrain, and France, with Sweden and Slovenia following suit shortly. True, minting money has been a basic state power in recent ages.
But what does the future hold? When faced with radical innovation, regulators may choose to ignore or prohibit it. One billion people are expected to own cryptocurrency by the end of the year, with the majority of these people living in countries with rapidly rising populations.