Helius Labs CEO Criticizes Binance’s Support for Kyrgyzstan’s CBDC

Helius Labs CEO Mert Mumtaz has publicly criticized Binance for its involvement in Kyrgyzstan’s Central Bank Digital Currency (CBDC) pilot program. Mumtaz views this move as a threat to crypto values, arguing that CBDCs contradict the principles of decentralization and individual freedom. He suggests that national digital currencies like the one proposed by Kyrgyzstan are detrimental to privacy and sovereignty.