Binance CEO Changpeng Zhao said in a news conference during the Web Summit in Lisbon on 2 November that he did not consider CBDC as a threat to Binance or other cryptocurrencies. He thought the governments’ adoption of blockchain technology that applied to CBDC could validate blockchain technology and build trust among those who worry about the technology. His attitude seems to have changed when compared to the comments he made last year saying that CBDC would never provide the same freedom as cryptocurrencies such as Bitcoin and Ethereum as many of them would be subject to lots of control by the central banks.