'To have freedom of money, you have to have freedom of speech' — CZ
Changpeng “CZ” Zhao, co-founder and former CEO of Binance, spoke at Token2049 in Dubai about his investment in social media platform X, emphasizing the importance of freedom of speech as foundational to other freedoms, including financial freedom. Zhao criticized European crypto policies as ineffective compared to more favorable environments like the UAE. In October 2022, Binance invested $500 million in Elon Musk's acquisition of Twitter, now X, alongside other major investors. Zhao acknowledged the platform's value but highlighted ongoing issues such as monetization challenges, spam bots, and scam accounts. He urged for action against bots and expressed optimism about integrating crypto payments into X to enhance its functionality in the Web3 space.
