Coinbase UK CEO: Requires centralized entities such as the Central Bank and Facebook to support the encryption ecosystem

According to Cointelegraph, recently, Coinbase UK CEO Zeeshan Feroz said in an interview that he saw two ways in which cryptocurrency became mainstream: central bank digital currency (CBDC) and Facebook's Libra. He said that unlike cryptocurrency, CBDC is a digital currency issued by the central bank, and its legal currency status depends on government regulation or law. Libra has the potential to become a truly universal payment method, but it is not easy to challenge the status quo and is still in its infancy. We need centralized entities such as the Central Bank and Facebook to support the development of the encryption ecosystem.