#SouthKoreaCryptoPolicy

Personal life

Zhao is a Canadian and UAE citizen.[43][44] Born in China in 1977, Zhao acquired a Canadian visa in 1989 and left China that same year after the events of Tiananmen Square.[45] In 2022, Zhao said that he had acquired Canadian citizenship some 30 years before, around 1992.[46] In 2005, he moved back to China,[43] eventually owning an apartment in Shanghai.[47] In 2015, he sold his Shanghai apartment and used the funds to purchase Bitcoin.[48] Zhao stayed in China until the Chinese government banned crypto exchanges in late 2017.[45] He is currently based in Dubai, United Arab Emirates.[22]

Zhao met his wife Yang Weiqing in 1999 and they married in 2003.[49] They have two children.[49][50] They divorced when their eldest daughter was two years old, around 2005.[51] Zhao has been in a "life partner" relationship with his business partner and fellow Binance co-founder, He Yi, since they met in 2014.[49][better source needed] They have three children together.[52]