#RichardTeng #CZBinance #changpengzhao

Following Binance CEO Changpeng Zhao's (CZ) resignation, Richard Teng has officially confirmed his ascent to the position. Teng, now the new CEO, expresses his commitment to surpassing stakeholder expectations while emphasizing the core mission of Binance, which is the freedom of money.

In his new role, Teng outlines key areas of focus:

User Confidence:

Teng aims to reassure users about the financial strength, security, and safety of Binance. Building and maintaining user trust remains a top priority.

Regulatory Collaboration:

Collaboration with regulators is a crucial aspect of Teng's strategy. He emphasizes the importance of upholding high standards globally, striking a balance between fostering innovation in the cryptocurrency space and providing essential consumer protections.

Partnership for Web3 Growth:

Teng underscores the significance of working closely with partners to drive growth and adoption in the realm of Web3, showcasing a commitment to advancing decentralized technologies.

This strategic direction is aligned with Binance's ongoing efforts to navigate regulatory landscapes while ensuring the continued growth and evolution of the platform. Teng's emphasis on collaboration and user confidence echoes the sentiments of the outgoing CEO, Changpeng Zhao, reinforcing a commitment to the security, transparency, and compliance of the Binance platform.

Binance's CEO, Changpeng Zhao (CZ), has officially confirmed his resignation from the role of CEO at the world's largest cryptocurrency exchange, citing a recognition of his mistakes and a commitment to taking responsibility. This decision is framed as being in the best interest of the Binance community, the exchange itself, and CZ personally.

To fill the void left by CZ, Richard Teng has been introduced as the new CEO. Teng, previously the Global Head of Regional Markets, assumes the position immediately. With an impressive three decades of experience in financial services and regulatory matters, Teng is expected to guide Binance through its upcoming phase of growth. CZ emphasizes Teng's role in ensuring Binance's commitment to security, transparency, compliance, and overall expansion.

Despite stepping down from the CEO position, CZ remains a shareholder with a comprehensive understanding of Binance's history. He has pledged to make himself available for consultation as needed, offering continuity and support to the Binance team.

CZ, while taking a break described as long overdue, has outlined his plans for the future. This includes engaging in passive investing, becoming a minority token/shareholder in startups focusing on blockchain, Web3, DeFi, AI, and biotech. Notably, he expresses contentment with being a one-shot entrepreneur and potential mentor, stating that he does not envision himself becoming a CEO leading a startup again.

In the resolution with the SEC, CZ clarifies that the allegations do not involve Binance misappropriating user funds or engaging in market manipulation. Despite recent regulatory challenges, CZ assures Binance's customers that their funds are secure, reiterating the famous phrase, "Funds are SAFU."

Steps On How To Make More Money On Binance?

1. Watch out for new listings and upgrades
2. Invest in them
3. monitor them for next one hour of the listing and upgrade, once there's profit,
4. Convert to a stable coin like #USDT. $BUSD

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