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Comments from CZ in Davos:

CZ stated that the payments sector faces significant challenges, but that the integration of traditional payments with cryptocurrency will drive growth. He expressed skepticism about payments with Bitcoin and Memecoins, citing their high risks.

He predicted a substantial decline of traditional physical banks in the next 10 years. The implementation of a global regulatory framework for cryptocurrencies is difficult, so he suggested a "regulatory passport" system, where licenses from one country are recognized by others.

He maintained that technological improvements in speed and cost reduction do not increase risk, and that the liquidity issues of banks stem from the fractional reserve system. #regulacion link