Binance’s Zhao sparks debate over UAE’s $40b BTC holdings

Binance founder Changpeng Zhao has triggered a discussion about cryptocurrency adoption in the UAE after sharing claims about the nation’s Bitcoin holdings. In a recent X tweet, Zhao shared an article claiming the United Arab Emirates holds $40 billion in Bitcoin (BTC). The figure immediately drew attention from industry observers, particularly crypto lawyer Irina Heaver. […]
Changpeng Zhao says it’s ‘inevitable’ for China to build a BTC reserve
The former Binance CEO said that the Chinese government’s lack of transparency overall made it difficult to predict any crypto policies. Source link