Richard Teng, the new CEO of cryptocurrency exchange Binance, gave some vague answers in his first appearance as CEO.
Richard Teng, who replaced Changpeng Zhao after Binance’s $4.3 billion settlement, participated remotely in a conference held in London.
Although Teng started his speech by saying that Binance had made some mistakes in the past, he did not give clear messages about the future of the company.
Financial Times reporter Scott Chipolina told him, “I asked you where Binance’s global headquarters is located, whether Binance will be regulated, how many registered employees the company has, and whether you will apply for a license in the UK. You did not answer these questions.” said.
“I answered every single one of those questions.” Teng said, adding that Binance where is the center When asked, “It is being evaluated.” he replied.
When asked whether the company will be audited or not, Binance said: Special company is and “there is no obligation to share this information” He responded by saying. “We undergo inspections in all the regulated places we are located.” Teng said, but did not share the name of the auditor organization.
After Chopolina asked a few more questions about how Binance is managed, Teng said: “Can I ask you, why do you think you have the right to these answers?” said.
Chopolina’s, “Binance is the largest crypto exchange in the world and it is important that we know these things.” Upon his reply, Teng said, “Yes, it is. And we are responsible to our users, and our users know that we are responsible to them.” said.