In a recent discussion, Changpeng Zhao (CZ), Binance’s founder, stated, “Unfortunately, this industry happened before AI, so we need to change this industry into an AI-enabled industry.” He made these comments at the Token2049 event in Dubai, emphasizing how AI could enhance user interactions with blockchain technology.

CZ expressed hopes for AI agents that offer genuine utility, expressing concerns over the proliferation of AI token launchpads, which allow users to create token-backed AI agents easily. He commented, “99.99% of them are useless.”

Currently, AI generates 300 trillion word tokens from the global population of 8 billion, equating to about 10%. CZ predicts this will multiply tenfold, stating, “The AI will be trading with each other. They will be paying each other.”

Before @cz_binance arriving, the house is packed—no space left! 😄 Everyone just wanted one selfie 🤳. Even the security couldn’t manage the crowd. Many have skipped lunch 🥪 😀 pic.twitter.com/AiOcFITVPw — Pushpendra Singh (@pushpendrakum) April 30, 2025

Regulating Everything Locally Is Not The Way To Go

CZ mentioned that the conversation around countries integrating blockchain and cryptocurrency has become more nuanced as they face unique challenges. He highlighted the impracticality of trying to regulate all aspects locally, mentioning the massive funding and expertise required for local custody solutions.

He cautioned against setting up local order books, noting that splitting into national order books would reduce liquidity significantly.

Europe Seems To Be “Missing On The Map”

CZ cited Bhutan as a leading example, stating that countries adopting crypto reserves early will have a significant advantage as cryptocurrency values rise. Bhutan has been mining Bitcoin and recently began mining Ethereum with its surplus clean energy.

He noted that while some nations engage in these efforts, “Europe seems to be missing on the map,” though he acknowledged Montenegro as an exception. He suggested that the U.S., being the largest economy with crypto reserves, is influencing other nations to follow suit.