Zhao Changpeng wants to open a private bank called Prosperity Bank in Kyrgyzstan, which will focus on exchanging and trading digital assets, providing platform services, and possibly integrating some RW assets. This is not a singular task; strictly speaking, it is a starting point. You see, Kyrgyzstan is a small country, and countries like this in Africa, such as Nigeria, as well as Turkey, are experiencing severe currency devaluation. So what to do? We should embrace it; that is to say, if small countries do not embrace digital assets in the future, they might truly be eliminated. This is the first point. The second point is that from Kyrgyzstan's perspective, I believe this country has great vision. If they say, 'Hey, we have established such a bank,' it first attracts global attention, and second, it will attract global investors, whether they are investing in RMB or USD. It is said that Zhao Chengdong has invested over a billion USD this time. The third point is that after the emergence of web3, it has fundamentally changed the business model of humanity's future. Originally, we talked about the transition from the first industrial revolution to the second industrial revolution, which was a breakthrough from small areas gradually changing. But this time it is different; this time, AI and Blockchain will integrate comprehensively, leading to disruptive transformations in all aspects. For example, in the future, modules related to AI text will relatively require less emotional connections and live interactions, and many jobs will be replaced. But the replacement has an important underlying logic: it must have the support of Decentralized Finance, which is essentially the most important bastion in the web3 world. And Kyrgyzstan starting to establish this Digital Bank and virtual asset bank means that it is already ahead of most countries. Of course, being a small country, it has relative flexibility and possibly fewer considerations. However, I found this interview particularly interesting; he said his son did not participate, and he did not allow his son to enter government units, stating that this bank is also a private bank, not a state-owned bank. This is actually a case of 'there's no silver here,' you see, as the son of a president, he cooperates with Zhao Changpeng to open a private bank, and you say you don't want your son to enter this government system to prevent the bank from becoming a state-owned bank, wouldn't that make it easier to turn it into something private? Of course, he also mentioned that he does not have shares; we should try to believe him, right? It is for the betterment of the country. I believe that as a leader with foresight, there should also be this possibility. #CZ大表哥
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Zhao Changpeng wants to open a private bank called Prosperity Bank in Kyrgyzstan, which will focus on exchanging and trading digital assets, providing platform services, and possibly integrating some RW assets. This is not a singular task; strictly speaking, it is a starting point. You see, Kyrgyzstan is a small country, and countries like this in Africa, such as Nigeria, as well as Turkey, are experiencing severe currency devaluation. So what to do? We should embrace it; that is to say, if small countries do not embrace digital assets in the future, they might truly be eliminated. This is the first point. The second point is that from Kyrgyzstan's perspective, I believe this country has great vision. If they say, 'Hey, we have established such a bank,' it first attracts global attention, and second, it will attract global investors, whether they are investing in RMB or USD. It is said that Zhao Chengdong has invested over a billion USD this time. The third point is that after the emergence of web3, it has fundamentally changed the business model of humanity's future. Originally, we talked about the transition from the first industrial revolution to the second industrial revolution, which was a breakthrough from small areas gradually changing. But this time it is different; this time, AI and Blockchain will integrate comprehensively, leading to disruptive transformations in all aspects. For example, in the future, modules related to AI text will relatively require less emotional connections and live interactions, and many jobs will be replaced. But the replacement has an important underlying logic: it must have the support of Decentralized Finance, which is essentially the most important bastion in the web3 world. And Kyrgyzstan starting to establish this Digital Bank and virtual asset bank means that it is already ahead of most countries. Of course, being a small country, it has relative flexibility and possibly fewer considerations. However, I found this interview particularly interesting; he said his son did not participate, and he did not allow his son to enter government units, stating that this bank is also a private bank, not a state-owned bank. This is actually a case of 'there's no silver here,' you see, as the son of a president, he cooperates with Zhao Changpeng to open a private bank, and you say you don't want your son to enter this government system to prevent the bank from becoming a state-owned bank, wouldn't that make it easier to turn it into something private? Of course, he also mentioned that he does not have shares; we should try to believe him, right? It is for the betterment of the country. I believe that as a leader with foresight, there should also be this possibility. #CZ大表哥