Binance’s CZ Says He Played a 'Tiny' Part in UAE’s Embrace of Bitcoin as Store of Value

Binance’s CZ Says He Played a 'Tiny' Part in UAE’s Embrace of Bitcoin as Store of Value

Changpeng Zhao (CZ), founder and former CEO of the world’s largest crypto exchange, Binance, has revealed his role in the United Arab Emirates’ (UAE) Bitcoin adoption. In a tweet highlighting information that the UAE has formally recognized bitcoin (BTC) as a store of value similar to gold, CZ disclosed that his advocacy contributed to the development. CZ Influenced the UAE’s Bitcoin Adoption “I might have done a tiny bit of advocacy for this,” …

UAE Surpasses $450M in Bitcoin Mining as CZ Backs BTC Adoption Drive

The United Arab Emirates (UAE) has mined more than $450 million worth of Bitcoin, marking a significant milestone in its growing role within the global crypto mining landscape. Binance founder Changpeng CZ Zhao recently stated that he played a part in encouraging the countrys move into Bitcoin mining, reinforcing his long-standing advocacy for Bitcoin adoption across key markets. The conversation gained momentum after blockchain analytics platfo…