Richard Teng, CEO of Binance, the world’s largest cryptocurrency trade, which took over the submit from the legendary CZ in November 2023, has issued an vital assertion on Binance.
He additionally shares a few of his earlier profitable experiences in constructing regulatory compliance within the crypto area.
Key Assertion from Binance CEO
Richard Teng introduced that Binance is at present essentially the most regulated trade on this planet, and that he’s working with authorities from numerous international locations and completely different horns of the Earth.
Amongst these international locations are the United Arab Emirates and France, the place Binance was lately granted a regulatory license. Beforehand, Binance was banned from a number of European international locations, together with Italy, Germany and Singapore. Ultimately, its founder and former CEO Changpeng Zhao (CZ) resigned from his main place and was pressured 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 effective.
Earlier than @Binance I helped construct one of many first cryptographic regulation frameworks.
Right this moment we’re essentially 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 wherein it exists.
Teng comes from an unlimited regulatory background, together with roles on the high monetary authorities in Singapore and Abu Dhabi.
