Just this week, 44-year-old Changpeng Zhao, CEO of cryptocurrency exchange Binance, became one of the richest persons in the world with a net worth of $96.9 billion. However, this could be an underestimate, as this net worth does not include his holdings in cryptocurrencies and Binance’s token known as Binance coin (BNB), which has been trading in the $500/token range recently. Add all these to his net worth, and Zhao is possibly the richest person on this planet. However, except El Salvador, almost all countries including China, Russia, Indonesia and India do not allow cryptocurrencies to be used as fiat money or legal tender. Governments and regulators are generally unsure about how to deal with it. So, it’s no wonder that cryptocurrencies have invoked mixed, and extreme, emotions from regulators and governments. Investors are left in a lurch – should they commit to cryptocurrencies or not.