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Home News Policies and Regulation

Binance CEO Meets with Senegal and Ivory Coast Presidents

by Modesta Chi
July 7, 2022
in Policies and Regulation
Reading Time: 3 mins read
Binance Meets with African Presidents
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Chanpeng Zhao, Binance CEO, meets with Senegalese and Ivory Coast Presidents in their countries to discuss crypto adoption in Africa.

Take Away points

  • CZ, Binance CEO, meets with the Senegalese and Ivory coast presidents
  • The meeting was to discuss Africa adopting Cryptocurrencies
  • The Presidents welcomed the CEO and presented him with gifts

The Meetings with the Presidents.

Binance CEO, Chanpeng Zhao, met with the president of Senegal, Mackay Sall, and their central bank. He also met the Ivory Coast president, Alassane Dramane Ouattara in their countries to talk to them about Africa adopting Crypto.

In the meeting, they discussed the economic, financial, and regulatory implications of access to crypto in Africa.

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Mr. Alassane Dramane Ouattara, President of Ivory Coast, said during his meeting with CZ, that they discussed the economic, financial, and regulatory implications of access to crypto in Cote d’Ivoire.

“Interesting discussions with CZ-Binance and his team today in Abidjan. We discussed economic, financial, and regulatory implications of access to #Cryptocurrencies in Cote d’Ivoire.”

Interesting discussions with @cz_binance and his team today in Abidjan. We discussed economic, financial and regulatory implications of access to #Cryptocurrencies in Côte d’Ivoire. 🇨🇮 pic.twitter.com/FFTGHYOOhw

— Alassane Ouattara (@AOuattara_PRCI) July 5, 2022

CZ said he aims to introduce crypto to the whole world, while taking the initiative, implying that Africa needs to be included in the Global financial market.

“Working on adoption, all around the World” He Tweeted, “Africa is primed for crypto adoption.10 -20% banked. Need financial access and inclusion. Blockchain provides that with a smartphone.”

Binance gifts Senegal president a BNB challenger coin

CZ tweeted on Wednesday, about the meeting in Senegal but didn’t give details, including details of the officials from the Central Bank that attended the meeting.

After the meeting, CZ said he received a painting gift from the president of Senegal, who is the current Chairperson for the African Union, and he reciprocated the gesture by giving him a BNB Challenger coin which he said was of “much lower value”.

“ Mr. President gave us a beautiful painting from a local artist, I haven’t opened it yet. Will share a photo later in this thread. We gave him a BNB Challenger coin (much lower value) he was holding in the pic.”

Binance has been given regulatory approval by many countries including El Salvador, Central Africa Republic, and Kazakhstan.

Last week, Binance signed the famous Tiktikor Khaby lame as their New Global Brand Ambassador.

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Modesta Chi

Human. Writer. Fascinated about the metaverse, and its evolution.

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