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News

Binance Appoints New Head To Lead Expansion In International Markets

May 29, 2023 - Around 2 mins mins to read

Key Points:

  • Richard Teng, former CEO of Abu Dhabi Global Market and CRO at Singapore Exchange, will head all Binance regional markets outside the US.
  • Teng’s international experience, regulatory background, and global relationships will be an asset in navigating the global regulatory landscape.
Binance has appointed Richard Teng, the former CEO of Abu Dhabi Global Market and chief regulatory officer at the Singapore Exchange, to head all its regional markets outside the United States.
Binance Appoints New Head To Lead Expansion In International Markets

The appointment expands his previous role leading Asia, Europe, the Middle East, and North Africa. Teng joined Binance in August 2021 as the Singapore Regional CEO and has since rapidly climbed the ranks amid a tumultuous time in the digital assets sector.

His expanded responsibilities come when Binance and its CEO, Changpeng Zhao, are under fire from US authorities over compliance issues. Outside of the US, there has been a flurry of developments, including launching a new platform for Japanese residents after buying a local crypto firm and a joint venture in Thailand securing licenses for digital exchange. In Australia, the permit for its derivatives business has been canceled pending a review of its local operations.

Binance Appoints New Head To Lead Expansion In International Markets

Teng’s international experience, regulatory background, and global relationships will be an asset to Binance as it seeks to navigate the complexities of the global regulatory landscape. The Blockchain Association Singapore’s board chairman, Chia Hock Lai, approved Teng’s appointment.

Before joining Binance, Teng held other senior positions in the traditional financial sector. His experience and expertise in regulatory compliance and corporate finance make him a valuable asset to Binance in the current regulatory environment. Teng’s swift and steady ascension at Binance is a testament to his capabilities and the company’s trust in him.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Binance

Binance New Head

Richard Teng

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Binance Appoints New Head To Lead Expansion In International Markets

Key Points:

  • Richard Teng, former CEO of Abu Dhabi Global Market and CRO at Singapore Exchange, will head all Binance regional markets outside the US.
  • Teng’s international experience, regulatory background, and global relationships will be an asset in navigating the global regulatory landscape.
Binance has appointed Richard Teng, the former CEO of Abu Dhabi Global Market and chief regulatory officer at the Singapore Exchange, to head all its regional markets outside the United States.
Binance Appoints New Head To Lead Expansion In International Markets

The appointment expands his previous role leading Asia, Europe, the Middle East, and North Africa. Teng joined Binance in August 2021 as the Singapore Regional CEO and has since rapidly climbed the ranks amid a tumultuous time in the digital assets sector.

His expanded responsibilities come when Binance and its CEO, Changpeng Zhao, are under fire from US authorities over compliance issues. Outside of the US, there has been a flurry of developments, including launching a new platform for Japanese residents after buying a local crypto firm and a joint venture in Thailand securing licenses for digital exchange. In Australia, the permit for its derivatives business has been canceled pending a review of its local operations.

Binance Appoints New Head To Lead Expansion In International Markets

Teng’s international experience, regulatory background, and global relationships will be an asset to Binance as it seeks to navigate the complexities of the global regulatory landscape. The Blockchain Association Singapore’s board chairman, Chia Hock Lai, approved Teng’s appointment.

Before joining Binance, Teng held other senior positions in the traditional financial sector. His experience and expertise in regulatory compliance and corporate finance make him a valuable asset to Binance in the current regulatory environment. Teng’s swift and steady ascension at Binance is a testament to his capabilities and the company’s trust in him.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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