CZ's Remarks: "I Would Like to Offend Traditional Banks"

At the 2026 Davos Forum's *New Era for Finance* roundtable, leading figures in the financial sector from various regions gathered to discuss how technological innovations are reshaping global finance, with a particular focus on the role of cryptocurrencies, blockchain, and artificial intelligence in payments and financial transactions. Below is an excerpt of Binance founder CZ's remarks.

CZ believes that while the payments sector still faces challenges, the integration of traditional payment methods with cryptocurrency will drive significant growth in the future. He also expressed concerns about the risks associated with Bitcoin payments, Memecoins, and traditional banks, citing their high levels of speculation and uncertainty. When discussing the need for a unified global regulatory framework, CZ noted the difficulty in implementing such a framework due to varying regulations across countries. He proposed the idea of a "regulatory passport," where a license obtained in one country would be recognized by others, offering a more feasible solution than creating a global regulatory body.

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Timeline:

00:00 Differences between cryptocurrency and traditional financial regulation

03:12 CZ introduces the innovation prospects of cryptocurrency and blockchain

06:40 The future of Bitcoin payments

07:18 Thoughts on Memecoins and the Metaverse

08:22 CZ: Traditional banks will significantly reduce in the next decade

09:51 In-depth reflection on bank liquidity issues

10:52 Different responses of cryptocurrency and banking systems

12:29 Challenges of global regulatory frameworks and regulatory differences between countries

14:35 CZ suggests "regulatory passports" as a global regulatory solution