binance finance

Cryptocurrencies: How Binance’s Changpeng Zhao plans to conquer Africa

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This article is part of the dossier:

Crypto Adventurers

By Quentin Velluet

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Posted on August 18, 2022 09:09

The billionaire founder of the cryptocurrency exchange platform answered our questions on Bitcoin in Central Africa, regulations and the growth of his sector on the occasion of his first trip to the continent.

This is part 2 of a 3-part series

“No hostility”. The tone is set from our first contact with’s communications team. Changpeng Zhao (known as “CZ”), founder and boss of the online cryptocurrency trading platform, seems to feel that he has justified himself enough over the suspicions of fraud and money laundering that targeted his company and made headlines in the United States last June.

From Dakar, the Chinese-Canadian executive, born in China 44 years ago and according to Bloomberg, the world’s 113th richest person talked with us about the development of cryptocurrencies on the continent. Acknowledging that his sector needs clear regulation, which he would like to help define, he also analysed the Central African Republic’s decision to recognise Bitcoin as a legal currency alongside the CFA franc.

Why did you choose Côte d’Ivoire and Senegal for your first trip to Africa?


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