Richard Teng oversees Binance’s regional markets outside the United States.
Teng’s regulatory expertise is vital for Binance’s oversight.
Changpeng Zhou, the CEO of the world’s largest cryptocurrency exchange, Binance, made a statement in 2021 expressing his willingness to step down as the company aims to become a regulated financial institution. Since then, there has been much speculation about his potential replacement. However, this statement remained without further action.
Currently, industry observers have turned their attention to a potential successor for CZ. Richard Teng, a former regulator, has taken on an expanded role overseeing Binance’s regional markets outside the United States. This move positions him as a strong contender.
Why Richard Teng?
Richard Teng’s extensive knowledge and regulatory experience will be invaluable in his new position, where he will be responsible for overseeing various regions. Binance has faced regulatory scrutiny in multiple jurisdic
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