Binance new CEO ,Who is Richard Teng ?
Richard Teng is long-time executive of Binance, Teng was promoted to global head of regional markets earlier this year. who will take over as CEO.
As per Zhao's tweet, prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binance’s founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.
With alot of experience under his belt in crypto space and background working for financial regulators around the world, Teng’s appointment sends a strong message Outlines thier vision to Collaborate with Regulators.
Binance , the Crypto trading giants looks in safe hands , and will walk forward into brighter future.
