Binance CEO Changpeng Zhao discusses cryptocurrency benefits, risks, and regulations

MyBroadband editor Jan Vermeulen interviews Binance co-founder and CEO Changpeng Zhao ('CZ'). CZ discusses why he believes it's in regulators' best interests to licence cryptocurrency exchanges and allow local banks to work with them. He also gives examples of real-world uses of cryptocurrency outside of payments that markets like South Africa with already-mature payments infrastructure could benefit from. Jan and CZ also discuss the trade-offs that come with new technologies, with CZ likening the emergence of blockchain to the early days of the Internet. CZ also answers questions about South Africa's regulatory environment and Binance's plans in the country, and the region.