Crypto sector shaken by UK ban on world’s largest exchange
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By Matthew Field and James Titcomb
June 29, 2021 11.05am
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The first time Changpeng Zhao left China, he was just 12 years old. His father, an academic who had been forced out of university during Mao’s Cultural Revolution, had fled to Canada when Zhao was six, and it took until 1989 for the rest of his family to follow.
Almost three decades later, Zhao was forced out a second time. A Beijing crackdown on cryptocurrencies meant his fledgling start-up, Binance, left Shanghai for Japan before hopping to Taiwan and Malta.
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