Who is the CEO of Binance

 

The current CEO of Binance is Richard Teng.

 He took over the role from Changpeng Zhao (CZ) on November 21, 2023. Teng has been with Binance since 2021 and has held several senior positions, including CEO of Binance Singapore and Head of Regional Markets【5†source】【6†source】. 

His appointment came after a significant $4.3 billion settlement between Binance and the U.S. Department of Justice, which resulted in CZ stepping down as CEO【8†source】. Richard Teng is expected to focus on regulatory compliance and expanding Binance's presence in new markets【7†source】.

Richard Teng's background and expertise are extensive, positioning him well for his role as CEO of Binance. He joined Binance in August 2021, initially serving as CEO of Binance Singapore before taking on broader responsibilities as Head of Regional Markets, overseeing regions outside the U.S., including the Middle East, Europe, and others【5†source】【6†source】.

Before joining Binance, Teng held several significant roles in the financial industry. 

He was the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), where he developed a regulatory framework for cryptocurrencies. Teng also served as the Chief Regulatory Officer at the Singapore Exchange (SGX) and Director of Corporate Finance at the Monetary Authority of Singapore【5†source】【7†source】.

In his new role, Teng is expected to focus on strengthening Binance's regulatory compliance and expanding its global presence. 

He emphasizes the importance of working closely with regulators and partners to foster innovation and trust in the cryptocurrency ecosystem. His vision includes making Binance "the most regulated exchange globally," as the company already operates in 18 different jurisdictions with regulatory approvals【6†source】【7†source】.

Under Teng's leadership, Binance aims to continue its global deployment and local engagements, particularly in regions with evolving cryptocurrency regulations such as Europe, the Middle East, and Asia. His leadership is seen as crucial in navigating the complex regulatory landscape and driving the mass adoption of cryptocurrencies

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