CZ is on a Crypto Tour With Asian Governments
Binance’s founder has been traveling all around Asia to meet with governments to talk about crypto and how to regulate the digital asset class.
Binance founder Changpeng Zhao, nicknamed «CZ», has been meeting government officials and regulators throughout Asia to provide guidance on blockchain and digital asset developments. In April, he was named as a crypto advisor to both Pakistan and Kyrgyzstan. In December 2024, he met with the King of Bhutan – a South Asian nation with one of the largest Bitcoin reserves – though the topics discussed were not publicly disclosed.
In the latest, Zhao met with Malaysian Prime Minister Anwar Ibrahim on April 22 to discuss the country’s potential as a crypto hub. In a social media post on X, Anwar said that the Southeast Asian country has the opportunity to «lead in the digital economy by embracing blockchain technology and the tokenization of financial instruments».
«Another Hit Piece»
A «Bloomberg» article covered Zhao’s visit to Kuala Lumpur with significant focus placed on legal issues such as his guilty plea in 2023 to US anti-money laundering failures as well as the Malaysian regulator's reprimand of him and Binance in 2021 for operating a digital asset exchange in the country illegally.
Zhao responded on X in a post that called the report «another hit piece», accusing the American media giant of writing «fictional attacks with zero evidence». He also said that Bloomberg may close its investigative journalism division soon due to «low ethical standards».
This is not the first time Zhao has clashed with Bloomberg. In 2022, he sued Bloomberg Businessweek’s Hong Kong publisher Modern Media CL claiming defamation over an article that portrayed him as running a Ponzi scheme.
