![]() ![]() He learned about crypto during a poker game with Bobby Lee, CEO of BTC China and investor Ron Cao, and later founded Binance in 2017. He studied computer science at McGill University in Montreal and later landed finance jobs in Tokyo and New York. At the age of 12, his family moved to Vancouver, Canada, where he took on various odd jobs to keep his family afloat, including flipping burgers at McDonald’s. Zhao was born in China’s Jiangsu province. Binance.sg is winding down operations and closing by Feb 13. Binance Singapore Appoints Former Regulator as CEO in Effort to Become 'a Leader in Regulatory Compliance' Global cryptocurrency exchange Binance has hired a former regulator as the new CEO for its operations in Singapore. The company’s subsidiary, Binance Asia Services, had withdrawn its application to the Monetary Authority of Singapore (MAS) for a license to operate a regulated cryptocurrency exchange in the country. The CFTC sued Binance, Zhao and former chief compliance officer Samuel Lim in March, alleging they violated the. In December 2021, Binance announced that it would close its digital token exchange in Singapore. BINANCE and its CEO Changpeng Zhao have filed a motion to dismiss a complaint against the cryptocurrency exchange by the US Commodity Futures Trading Commission (CFTC), the company said in a court filing on Thursday (Jul 27). ![]() However, it has faced issues reconciling with the world’s regulators. ![]() On the list, Zhao stands just behind Larry Ellison, co-founder of Oracle, whose net worth currently stands at US$109 billion.īinance generated at least US$20 billion in revenue last year, according to a Bloomberg report. Zhao’s net worth rivals the wealth amassed by tech billionaires Elon Musk, Jeff Bezos, Bill Gates and Mark Zuckerberg. ![]()
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