Forbes: Richard Teng is seen as a potential candidate for Binance CEO

2023-11-22 03:27:25

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ChainCatcher news, according to Forbes, Richard Teng is seen as a potential candidate for the CEO of Binance. Previously, ChainCatcher reported in May this year that Zhao Changpeng appointed Richard Teng as the head of all regional markets outside the United States. Richard Teng has held senior positions in the Monetary Authority of Singapore, Singapore Exchange, and Abu Dhabi International Free Trade Zone. He joined Binance in May 2021, focusing on supporting Binance's growth in a compliant and sustainable manner.

Earlier, ChainCatcher reported that U.S. regulators would impose a $4.3 billion fine on Binance, the world's largest cryptocurrency exchange, today. Founder Zhao Changpeng agreed to resign and plead guilty, and will not be allowed to hold an executive position at Binance, although he will retain a majority stake in Binance.

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Binance's $4.3 billion settlement case continues to be tracked.

The boots have finally dropped! Binance will pay up to $4.3 billion in fines to the U.S. Treasury, and Changpeng Zhao has announced his resignation as CEO of Binance... What will be the subsequent impact of this hefty settlement on Binance and the cryptocurrency industry? Will it open a new chapter for compliance regulation in the industry?

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