The founders of World Liberty Financial (WLFI) met the former CEO of Binance, Changpeng Zhao, in Abu Dhabi.
According to WLFI, they met the founder of Binance for discuss The global adoption of cryptography and how to establish standards of industry and advance the future of cryptocurrency. The co-founders of WLFI Zach Witkoff, Zak Folkman and Chase Hero announced the meeting via their official account X (formerly Twitter), noting that they were pushing the crypto to the upper level.
Recently, the WLFI has signed a letter of intent with Pakistan Crypto Council to promote blockchain, decentralized finance and the adoption of stablecoin in Pakistan. The WLFI team also met senior Pakistani leaders, notably the Prime Minister and the Ministers of Finance, Defense and Information.
Zhao expects the traditional media to cancel his meeting with the founders of the WLFI
Changpeng Zhao, in his X Post, also confirmed that he had met WLFI founders. However, he thinks that traditional media would cancel their meeting. He pointed out: “It was great to see our friends Zach Witkoff and Bilal Bin Saqib in Abu Dhabi today. I have the feeling that commercial media will try to create a negative story on this subject. But we continue to build. “
In addition, Bilal Bin Saqib, CEO of Pakistan Crypto Council and one of the participants in Reunion, commented X, saying that they had a big meeting, and added that real work will speak more than any draw.
Many other commentators who respond to the CZ post have encouraged the founders to continue building and staying focused on innovation. They even agreed with the old CEO that the media like to run negative stories on such interactions, asking them to ignore them.
However, some X users raised Concerns about the meeting of the founders, in particular given the history of the CZ. An X user even argued that Zhao had claimed He did not negotiate agreements with any Trump officials, questioning the intention of their meeting with WLFI, in which Trump's family has an interest.
Some time ago, the Wall Street Journal reported that Steve Witkoff, Trump's chief negotiator for the Middle East and Ukraine and the co-founder of the Father of the World of Liberty, competed an agreement with Binance on behalf of the Trump family.
Zhao, however, demystified the reports of a potential agreement, saying that the information of the Wall Street Journal was inaccurate. He said he had no discussion with anyone on a US binance agreement. He added that the WSJ article reflected the anti-Crypto feeling of the Biden administration.
Zhao and Wlfi work with Pakistan Crypto Council
Zhao worked to meet cryptographic leaders and have discussions on cryptographic infrastructure and growing adoption. Earlier this month, he was appointed advisor to Pakistan's Crypto Council.
CZ also recently had discussions with Malaysian government officials on how cryptographic assets can stimulate economic innovation in the country. In addition, Kyrgyzstan has signed a memorandum of understanding with CZ to rely on its blockchain and crypto.
In addition, like CZ, World Liberty Financial has links with Pakistan Crypto Council. The agency signed a letter of intent (law) with the council on April 26 to put pressure for the innovation of the blockchain and the integration of challenge in Pakistan.
The two agreed to introduce regulatory sandboxes to test blockchain -based financial products and venture into active active assets such as real estate. They will also expand exchange requests for trade and advise each other on the trends and regulatory infrastructure of blockchain. Bilal Bin SAQIB also became an advisor to World Liberty Financial last week.
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