Binance Regional Markets President Richard Teng said that they welcome legal reviews and investigations, He said the FTX comparisons were just rumors and FUD.
2023 held in Singapore Token2049 Making a statement before the conference Richard TengHe stated that the comparisons made specifically between the bankrupt cryptocurrency exchange FTX and Binance have no basis.
Despite recent regulatory scrutiny and regional challenges, his statement said in no way resembles the bankrupt FTX While arguing that although Binance has faced different problems in the last few years, remains financially strong he emphasized. Teng said that after the FTX bankruptcy, FUDs were also found and people contacted Binance, but that was wrong. Teng also has assets like every Binance official. 100% rate expressed his support.
However, Binance is the largest cryptocurrency exchange in the world, and over time, such frauds and exposure to regulatory pressures Stating that it is inevitable, Teng said that satisfaction stated that they met:
All these reviews are due to Binance being the largest exchange. Reviews from regulators, reviews from the media, and we welcome those reviews.
Russia Teng also touched upon the sanctions imposed specifically on the company’s management.organizations and individuals sanctioned He stated that it continues to comply with international norms and standards regarding:
Regarding our plans for Russia, we have made it very clear over the last few weeks that all options are on the table. We continue to investigate what we need to do for that subsidiary going forward.
Teng also stated that MiCA legislation, specifically in Europe, could be beneficial for the industry on a global scale.
Binance CEO Changpeng Zhao recently said that despite the problems Teng mentioned, the exchange did not have any liquidity problems.
Binance outside the USA Richard Teng was appointed president of all regional markets. Changpeng Zhao (CZ) It was suggested that he could be the new CEO to replace him.