Richard Teng, CEO of Binance, the world’s largest cryptocurrency alternate, which took over the publish from the legendary CZ in November 2023, has issued an necessary 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 essentially the most regulated alternate on the planet, and that he’s working with authorities from varied international locations and completely different horns of the Earth.
Amongst these international locations 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 international locations, together with Italy, Germany and Singapore. Ultimately, 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 the US after pleading responsible to violating native anti-money laundering legal guidelines. What’s extra, Binance needed to pay a $4.3 billion fantastic.
Earlier than @Binance I helped construct one of many first cryptographic regulation frameworks.
Right this moment we’re essentially the most regulated alternate on the planet.
– Richard Ten (@_richardteng) August 22, 2025
After Richard Teng was promoted to CEO place rather than 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 prime monetary authorities in Singapore and Abu Dhabi.
