Earlier this month, the U.S. Justice Department charged the owners of BitMEX, a high-flying, Hong Kong–based cryptocurrency exchange known for its fast-and-loose approach to the law, with violating anti–money laundering rules. The event—one cofounder, Samuel Reed, was arrested in Massachusetts, while three business partners remain at large—has caused cryptocurrency entrepreneurs to do some soul-searching and to reassess the soundness of their own operations.
The chief executive of Binance, Changpeng Zhao, who goes by “CZ,” joined Balancing the Ledger, Fortune’s show about the intersection of finance and technology,