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When Changpeng Zhao stepped onto the deck of the excursion boat in the port of Hamburg on the first balmy early summer evening of last year, there was a brief silence on board. Heads cocked, low whispers – it really was him! The assembled new financial elite of the old continent was impressed.

CZ, as he calls himself and as the tech world calls him, joined a group of founders. “Hi, I’m CZ,” he said, holding out his hand in greeting as if to introduce himself. “I know,” replied a well-known German founder, perplexed, who is otherwise never at a loss for words.

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