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erienewsnow.com 11 Jan, 2022 11:30 am

Crypto CEO becomes one of the world's richest billionaires - Erie News Now

Crypto CEO becomes one of the world's richest billionaires - Erie News Now
By Michelle Toh, CNN Business

By Michelle Toh, CNN Business A cryptocurrency CEO has become one of the richest people on Earth." A Binance spokesperson told CNN Business that "CZ intends to give away most of his wealth, even 99% of his wealth, just like other entrepreneurs and founders.The ascent of the Chinese-Canadian entrepreneur is emblematic of the rapid creation of wealth in the fast-moving world of digital currencies.Sam Bankman-Fried, CEO of FTX, another cryptocurrency exchange that is backed by Binance, pointed Tuesday to an "unprecedented amount of wealth creation that has occurred in the industry over the last few years.

" "More regulations are, in fact, positive signs that an industry is maturing," he added." Like other exchanges, Binance has faced significant regulatory hurdles around the world in recent months, including a ban in the United Kingdom and other restrictions in countries including Canada.

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