Changpeng Zhao says prison term solidified trust with partners

Binance founder Changpeng Zhao stated in an interview with CoinDesk that his prison sentence has been a positive factor for his business, rather than a hindrance, by solidifying trust with partners. CZ explained that once he clarifies to people that his conviction was for violating the Bank Secrecy Act and not for fraud, partners who understand the situation trust him even more than before. He conveyed that enduring this difficult period served as an opportunity to prove his character. He also admitted his past ignorance of U.S. regulations, adding that he should have learned sooner that U.S. law applies globally. Regarding his future, CZ made it clear he has no immediate intention of returning as Binance CEO. He described the role as time-consuming and demanding, stating that he is currently taking a break and believes his greatest contribution now is to help other entrepreneurs grow. He emphasized that he will focus on being an investor and advisor for the time being, noting that he is still energetic enough to accomplish many more things.