Binance founder, Changpeng Zhao (CZ), is back in the spotlight after spending four months in jail. He recently spoke at the Binance Blockchain Week conference and on a podcast, sharing his experiences and future plans.
Back in the Public Eye
CZ served time for violating the Banking Secrecy Act and accepted a plea deal. He lamented being the first to face jail time for this violation, pointing out that other major institutions, like TD Bank, were fined heavily for similar issues without any individuals being charged.
Stepping Away from Binance
CZ emphasized that he is no longer involved in Binance’s operations, despite remaining a major shareholder. He denied reports of a lifetime ban from managing crypto exchanges, stating that such a ban was not part of his plea agreement.
CZ is now focusing on other ventures, including the Giggle Academy, an educational initiative aimed at providing digital education to billions of people with limited access to basic education. He’s also invested in AI, blockchain, and biotech.
Optimistic About Crypto’s Future
While cautious about the short-term volatility of the crypto market, CZ remains optimistic about its long-term growth. He highlighted Bitcoin’s historical four-year cycle and expressed support for positive developments in crypto regulations.
Giggle Academy: A New Mission
CZ described Giggle Academy as an educational platform that uses AI and teachers to deliver interactive lessons across devices. He envisions reaching over a billion people who lack access to traditional education.
CZ’s journey from jail to Giggle Academy highlights his shift in focus. While he’s stepped away from Binance, he remains a prominent figure in the crypto world, now aiming to make a positive impact through education.
