The issue of Europe crypto delay took center stage at the Token2049 conference in Dubai, where Binance founder Changpeng Zhao voiced strong criticism. According to Zhao, most European countries “have made zero progress” in adopting cryptocurrency, unlike other global regions that are embracing digital finance.
Token2049 Speech Highlights Europe’s Lag
In his Token2049 speech, Zhao emphasized the contrast between Europe and nations like the UAE and the U.S., where crypto adoption is accelerating. “I don’t see Europe in this discussion,” Zhao said. “Apart from Montenegro, Europe is almost absent from the crypto map.” This statement underscored Zhao’s concern that Europe crypto delay may cause the region to fall behind in innovation.
Binance Founder Points to Global Momentum
Zhao praised the UAE for its strong business orientation and Bhutan for increasing its crypto reserves. He also pointed to the U.S., where crypto-friendly policies under President Donald Trump have boosted investor confidence. Zhao’s Token2049 speech warned that if Europe does not catch up, it risks missing out on critical financial transformation opportunities.
Regulatory Inertia Threatens Crypto Adoption
Zhao noted that Europe crypto delay is not due to technological incapability but rather to regulatory inertia. “Europe has the talent and infrastructure,” he said, “but lacks the political will.” Meanwhile, nations like Montenegro have already established productive dialogue with crypto leaders.
After stepping down from Binance in 2023 as part of a settlement with U.S. authorities, Zhao has focused on his educational platform, Giggle Academy. Despite legal troubles, his views on the crypto adoption landscape continue to influence industry sentiment.
Conclusion
The Binance founder’s remarks at Token2049 have reignited debate about Europe crypto delay. With other regions accelerating, Europe’s hesitation could leave it out of the next wave of financial innovation.
