Changpeng Zhao

I think UAE is actually one of the very few places that offer global crypto licenses for crypto exchanges.

And that's fairly new as well.

So we're still at the early stages of this regulatory frameworks in different countries.

And US I think is progressing extremely well, extremely quickly.

I think there was some progress on Clarity Act even last night.

um and uh so uh but i think yeah us is definitely one of the places to be but i wouldn't say uh uh i always have a global view on business uh i wouldn't focus on only one country um i think we're living as we said before we're living in a world where the country borders are much fussier in terms of technology in terms of digital uh assets so uh have a global view um instead of a

We no longer need to do business in one country and then expand to another country and then expand to another country.

No, you can do parallel progress.

So even if you did get a passport to come down here, you would still choose UAE today?

I think today my life is pretty set up in the UAE right now.

I would probably just stay there.

Again, the whole point with me is do countries realize what's going to happen to the future

of these wealthy entrepreneurs who their assets are intangible, that they can no longer bully them with regulation because they've got 200 other countries that would love to have them.

Maybe not all 200 of them.

Let's just say 100 of them they can go to have a decent life, and then 10 countries that are very competitive for business, say UAE, Singapore, some of these countries you can go to.

I wonder if, as bad as it is today, we see reports of people leaving California with the whole wealth tax.

I don't know if you're following that closely or not.

And we see what they're talking about in New York.

And a trillion dollars left to New York and California during COVID.

California just lost another trillion dollars.