Binance Billionaire Zhao Guides Regulators to Relax Crypto Rules

Crypto’s richest man, Changpeng Zhao, was in a playful mood as he addressed a packed house at the Ritz-Carlton in Kuala Lumpur, just seven months after his release from a low-security California prison.

“How many are regulators or regulatory backgrounds here? OK, not many. So we’re safe,” the former chief executive officer of Binance Holdings Ltd. said at the gathering on Tuesday night, delighting the audience.