Binance founder Changpeng Zhao, or “CZ,” is back in the spotlight after spending four months in prison. One of Zhao’s first public appearances was at the Binance Blockchain Week conference, where he discussed his experience, future plans, and current relationship with the exchange he founded.
In the podcastChow shared his experiences when he was out of the public eye. For Chow, what he misses most is human connections. It can be recalled that the founder of Binance was accused of violating the Bank Secrecy Act and accepted a plea agreement with the authorities.
He expressed his regret that he was the first to serve a prison sentence for this violation. the Founder of Binance He added that there are other high-profile cases, such as the $1.8 billion fine on TD Bank, yet no one has been charged over this fiasco.
Zhao confirms that he is no longer involved in Binance’s operations
In this podcast, CZ spoke at length about his relationship and the exchange prospects he created. He also noted that he remains a major shareholder in the company but is no longer a member of the management team.
He also shot down reports that he has been banned from running cryptocurrency exchanges “for life.” Chow added that the ban was not included in last year’s plea agreement.
Bitcoin market cap currently at $1.36 trillion. Chart: TradingView.com
He added that he is now focusing on other projects, including Giggle Academy, and noted that he has investments in artificial intelligence, blockchain, and biotechnology. Although he is one of the largest shareholders, Chow clearly stated that he is no longer keen on returning to help with operations.
Zhao remains optimistic about the future of cryptocurrencies
When asked about his thoughts on the cryptocurrency market, Zhao said He remains optimistic About long-term industry growth. However, he warned shareholders and stakeholders of risks and volatility in the short term.
Zhao then moved on to the topic of Bitcoin’s historical trajectory over the four-year cycle. Finally, Binance CEO also shared his view with the audience regarding the positive developments in the field of regulations.
Chow and his plans for the Laughter Academy
By separating himself from Binance, Zhao is slowly embracing other topics, including… Laughter Academy. He described the new project as an educational initiative that promises to provide digital education to more than a billion people who do not have or have limited access to basic education.
Zhao shared that the initiative will rely on artificial intelligence and teachers to create interactive lessons delivered across devices.
Featured image from UEx, chart from TradingView