Richard Teng, New Binance CEO
Richard Teng, the new CEO of Binance, is known for his experience in finance and regulation. He joined Binance in 2021 as the CEO of Binance Singapore and has over 30 years of experience in the field. Teng’s prior roles include being the chief executive of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM) and the chief regulatory officer of the Singapore Exchange.
Facts About Teng
Before joining Binance, Teng spent 13 years working at MAS and six years at the ADGM. In May, he was appointed as the Head of Regional Markets at Binance, where he managed operations outside the U.S., including the Middle East, North Africa, and Europe. Additionally, Teng is an international council member at the Global Fintech Institute and an advisory board member of the Blockchain Association Singapore. He is also considered part of CZ’s inner circle and close confidants.
A “Highly Qualified Leader”
Binance co-founder CZ called Teng a “highly qualified leader,” expressing his belief that Teng will guide Binance through its next phase of growth, transparency, and compliance. Teng also stated that he intends to use his 30 years of experience in financial services and regulation to help the Binance team and ensure a bright future.
Hot Take: New CEO to Guide Binance’s Regulatory Woes
Binance’s new CEO, Richard Teng, comes with a wealth of experience and knowledge in finance and regulation. His appointment signifies the exchange’s commitment to resolving its regulatory issues and navigating future growth. With his extensive background in the financial services field, Teng aims to guide Binance through a phase of growth, transparency, and compliance.
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