Richard Teng, the chief govt of the world’s largest cryptocurrency change, Binance, who took over the put up from legendary CZ in November 2023, has printed an necessary assertion about Binance.
He has additionally shared a few of his earlier profitable experiences with constructing regulatory compliance within the crypto house.
Binance CEO’s necessary assertion
Richard Teng introduced that Binance is at present probably the most regulated change all over the world and collaborates with the authorities of varied nations and completely different corners of the planet.
Amongst these nations are the United Arab Emirates and France, the place Binance was just lately granted regulatory licenses. Beforehand, Binance was banned from a number of nations in Europe, reminiscent of Italy and Germany, and Singapore as nicely. Finally, its founder and former CEO, Changpeng Zhao (CZ), was compelled to step down from his main place and spend 4 months in a federal jail within the U.S. after pleading responsible to violating the native anti-money laundering legal guidelines. In addition to, Binance needed to pay a superb of 4.3 billion {dollars}.
Earlier than @Binance, I helped construct one of many first crypto regulatory frameworks.
As we speak, we’re probably the most regulated change globally.
— Richard Teng (@_RichardTeng) August 22, 2025
After Richard Teng was promoted to the place of CEO as a substitute of CZ, Binance took a course of regulatory compliance in all of the jurisdictions the place it’s current.
Teng has an unlimited regulatory background, together with his roles at prime monetary authorities in Singapore and Abu Dhabi.
