After backing Elon Musk with $500m at Twitter, Binance boss Changpeng ‘CZ’ Zhao considers buying his own bank

News Snapshot:

Changpeng Zhao, usually known as 'CZ', is a Chinese-Canadian crypto executive Binance Holdings founder and CEO Zhao ‘CZ’ Changpeng – who last month said the crypto exchange may spend more than $1bn on deals this year – has said he is considering investment targets such as banks. His comments came as the cryptocurrency sector seeks to further blur the boundary between the digital-asset industry and traditional finance. "There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We're looking at those things," Zhao said, speaking in an interview at the Web Summit conference in...