CZ: Not Adopting Blockchain and Maintaining the Current Banking System Is the Worst Case

On July 31, 2026, Binance founder CZ @cz_binance said in an interview at the ASEAN Tech Summit that if central bank digital currencies are highly user-friendly and easy to integrate, stablecoins may not be the only option. The worst-case scenario would be for the entire digital finance sector to stop developing, with the existing banking system remaining in place and blockchain no longer being used.

This would mean that cross-border remittances in countries such as the Philippines would continue to face high intermediary fees, while transfers would remain slow and cumbersome. However, CZ believes this scenario is highly unlikely. As artificial intelligence creates demand for faster payments and greater transaction throughput, financial innovation will continue to advance.