Binance founder Changpeng Zhao (CZ) has made a bold and powerful statement that’s igniting major discussions across the crypto industry. According to CZ, “All governments should track all their spending on the blockchain, an immutable public ledger. It’s called public spending for a reason.”
His message points to a future where transparency is the default, not an option. Using blockchain for government finances could:
Eliminate corruption
Improve trust between citizens and the state
Provide real-time insight into how public funds are used
Set a global standard for accountability
As countries explore digital currencies and Web3 integration, CZ’s vision may not be far away. The only question is: Are governments ready for this level of transparency?
