Binance's CEO, Richard Teng, participated in a fireside chat during Taipei Blockchain Week on December 14, 2023. The discussion revolved around his personal journey, the acceleration of cryptocurrency adoption, and the pivotal role of Binance's community.
Upon reassuming his new role as CEO, Richard highlighted the trust vested in him by the teams and his commitment to the user-focused outlook, which has been the primary force propelling Binance to become a leading global crypto exchange.
Richard also emphasized the importance of working closely with global regulators and partners, encouraging the wider acceptance of Web3 to fast-forward crypto adoption and improve the overall ecosystem.
Following his journey from being a regulator in Singapore to becoming Binance's CEO, Richard shared experiences from his days at MAS, Singapore Exchange, and ADGM, where he cultivated a balance between supporting growth and managing risks.
Richard was vocal about the importance of clear regulations and institutional adoption for the mainstream embrace of cryptocurrencies. He affirmed that the backbone of finance in the forthcoming decades would be founded on blockchain and artificial intelligence (AI).
In this context, Binance's Web3 Wallet plays a crucial role in the broader ecosystem. Richard further stated that the wallet, with its user-friendly interface, was solving several barriers regarding UI/UX in the Web3 domain. He also assured that Binance will continue to innovate and seek partnerships following the resolution of issues with U.S. agencies and feedback from their growing community.
