CZ Says He's Considering Bank Acquisitions

In an interview with Bloomberg at the Web Summit in Lisbon, CZ said he is considering acquiring banks as a way to bridge the gap between the traditional financial and crypto worlds.

Without naming any specific targets, he also said he was open to minority investments or full acquisitions. "There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things." Bloomberg quoted CZ as saying.