Exclusive | Binance founder CZ: Hong Kong can rival US as crypto hub, but its future hinges on speed
Hong Kong has the conditions to become a major hub for virtual assets, rivalling markets like the US and the United Arab Emirates (UAE), but the city’s regulators must act swiftly to realise its potential, according to Zhao Changpeng, founder and largest shareholder of cryptocurrency exchange Binance.
In an exclusive interview with the South China Morning Post on Friday, Zhao, widely known as CZ, said the Hong Kong government had shown a “very clear attitude towards embracing Web3” and had the capability to move quickly.
“We shouldn’t evaluate a place’s future potential based on its current status,” said the 48-year-old entrepreneur, regarded as the wealthiest individual in the crypto industry and ranked by Forbes as the…
