Who is Binance founder Changpeng 'CZ' Zhao, the billionaire who wants to 'rebuild' crypto? | CNN Business

The Canadian billionaire has made headlines this week for offering to come to the aid of entrepreneurs who are facing a cash crunch, in efforts to help “rebuild” the sector. Zhao, who goes by his initials “CZ,” made his pitch just days after rescinding an offer to help bail out one of the biggest firms in the space, FTX. The company went bankrupt two days later.

We are an easy target for special interests, media, and even policymakers that hate our industry,” he wrote in a recent blog post. “I am a Canadian citizen, period.” As of September, Binance had subsidiaries in countries including Spain, Italy, France, Bahrain, and the United Arab Emirates, Zhao added. Zhao catapulted to mainstream attention earlier this year as he became one of the richest people on Earth.

So exciting. President Trumps announcement is moments away. This is indeed TRUMP COUNTRY. MAGA🇺🇸

6 crypto exchange bankruptcies, I observed starting from Mr.Gox 15 yrs ago. Be stupid, be crypto freak.

❗❗❗let me guess, NATO and its countries, including the United States, will express their 'concern' for the killing of Poles and remind that 'NATO's doors are always open.'

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Binance creates industry recovery fund to help projects struggling with liquidityBinance CEO Changpeng Zhao clarified that the project is for other potentially strong projects and not FTX, saying that “liars or fraud” would never qualify.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »

CZ plans industry association to communicate with regulators worldwideBinance CEO Changpeng Zhao is planning to set up an association of big crypto players to communicate with regulators worldwide. Good move, I've been calling for this for some time. I've seen firsthand the success of doing this as I was in a similar situation in a different industry. The industry has to be proactive. This is my long-standing recommendation: Nothing good with this regulations. The news about FTX was done in purpose, steal billions and on the same time create a situation for everyone to shout: Yes we need regulation. Mark my words: when regulation comes, this market is dead as stocks. Is there anything like it?
Source: TheBlock__ - 🏆 464. / 53 Read more »