Former Binance CEO Changpeng Zhao urges governments to soften cryptocurrency regulations for innovation and economic growth.
Zhao has advised countries like Pakistan, Malaysia, and Kyrgyzstan on their crypto policies, advocating for relaxed regulations to attract investments and foster innovation.
He praises Dubai as a crypto-friendly city with clear regulations that have attracted investments and blockchain startups.
Zhao believes that relaxed regulations can enable youth participation and drive Web3 adoption, while emphasizing the need for responsible regulation and consumer protection.