- Changpeng Zhao, who used to be the CEO of Binance, is starting a new educational project in the cryptocurrency industry, without making any new digital coins.
- This business comes as CZ is facing legal problems, such as limits on where he can go in the U. S Admitting to not having a good system to stop illegal money activities at Binance.
- The educational project wants to solve important problems in the industry like following rules and making the public understand, without creating new cryptocurrencies.
Nine months ago, Binances founder, Changpeng “CZ” Zhao, left his job as the company’s CEO as part of an agreement with the U. S Officials say he is giving clues about a big comeback that is being planned.
The whole crypto community on Twitter is going crazy over CZ’s tweet, even though it didn’t have much information in it. The man only said, “Beginning a new project. ” No, there are no new coins. School work to learn. Coming soon, we’ll have more information. We’re excited to hear more and can’t wait.
At first, it seems like he is making a change from his usual smart business plans in the crypto world. However, if you consider it, it’s a clever move. With legal battles holding him back, this move is like a chess master planning ahead. Having trouble traveling in the United States. Despite facing the results of admitting guilt to charges related to failing to prevent money laundering, CZ is taking action instead of waiting around.
Now, for those who haven’t been paying attention, here’s a quick summary. CZ is being closely watched by the law. Prosecutors want to limit his actions and who he talks to. This legal problem made him leave his job at Binance, a platform he cared a lot about. Binance has become very big in the crypto exchange world while he was in charge. However, this man is not going to let legal problems determine what he does next. Sorry, not doable.
The people who are into cryptocurrencies have reacted to CZ’s announcement with a combination of interest and excitement. CZ has been very successful with Binance and their educational program, Binance Academy. People have really high hopes for them. The news spread quickly and got thousands of likes and comments in just a few hours. This huge response shows how much people respect and look up to CZ in the world of cryptocurrency.
Warning: This information is not advice for trading.
