PANews reported on November 5 that according to Caixin.com, Binance founder Zhao Changpeng (CZ) said at the Second Gulf Investment Forum in Bahrain on November 3 that Bahrain, as one of the cryptocurrency-friendly countries, is not well-known, but has become an important location for Binance. After obtaining the crypto asset service provider license granted by the Central Bank of Bahrain (CBB), Binance also obtained a banking license and opened local fiat currency in and out channels.
In addition, Zhao Changpeng mentioned the exploration of real world assets (RWA) in the Hong Kong market, but due to the small price volatility of RWA and limited liquidity in the secondary market, innovative use cases are needed to enhance liquidity. He expressed optimism about investment opportunities in the Middle East. In addition to blockchain, he will also make investments in AI and biotechnology in the GCC countries. He also explained: "I don't represent Binance, I only represent my own investment."
