Richard Teng, CEO of Binance, the world's largest cryptocurrency trade, which took over the put up from the legendary CZ in November 2023, has issued an essential assertion on Binance.
He additionally shares a few of his earlier profitable experiences in constructing regulatory compliance within the crypto house.
Key Assertion from Binance CEO
Richard Teng introduced that Binance is at present probably the most regulated trade on this planet, and that he’s working with authorities from numerous nations and totally different horns of the Earth.
Amongst these nations are the United Arab Emirates and France, the place Binance was not too long ago granted a regulatory license. Beforehand, Binance was banned from a number of European nations, together with Italy, Germany and Singapore. Finally, its founder and former CEO Changpeng Zhao (CZ) resigned from his major place and was compelled to spend 4 months in a federal jail in america after pleading responsible to violating native anti-money laundering legal guidelines. What's extra, Binance needed to pay a $4.3 billion superb.
Earlier than @Binance I helped construct one among my first cryptographic regulation frameworks.
Right this moment we’re probably the most regulated trade on this planet.
– Richard Ten (@_richardteng) August 22, 2025
After Richard Teng was promoted to CEO place instead of CZ, Binance took a course in regulatory compliance in all jurisdictions through which it exists.
Teng comes from an unlimited regulatory background, together with roles on the high monetary authorities in Singapore and Abu Dhabi.
