Changpeng Zhao (CZ), founder of Binance, the company that is arguably the reincarnation of Mt. He had already stepped down as CEO in November 2023, but now he’s back on the offensive. This notable departure was included in an overall $4.3 billion settlement with the U.S. Department of Justice (DOJ). Today, CZ’s priority is on education, technology development, and oddly enough, helping governments create regulatory frameworks for crypto.
CZ is said to be collaborating with Kyrgyzstan to assist in crafting appropriate regulations for crypto there. He’s a strategic advisor for the recently established Pakistan Crypto Council. He currently works with countries well beyond these two. He is currently advising multiple foreign governments on their establishment of crypto regulations and the handling of their own national Bitcoin reserves.
CZ's new role marks a significant shift, especially considering Binance's troubled past and his own legal issues. These are notions borne out by legal historical defeats around the planet, from Nigeria to Australia to the United States of America. His recent appointment as a strategic advisor for the newly formed Pakistan Crypto Council came as a shock to many, considering this history.
CZ is actively collaborating with Binance to offer support in building stable rules that guide the crypto industry. To that end, he’s working to make digital systems more secure and teaching a new generation how to better understand and utilize blockchain technology.
CZ has earlier complimented United States’ current administration for taking a crypto friendly approach.
"Compared to many other jurisdictions, [the US] is way ahead on that front." - Richard Teng
His actions point to a new direction towards creating a safer, more regulated, and better understood crypto environment across the globe.
