Richard Teng, who replaced Changpeng Zhao as the new CEO of Binance, announced that they will continue the same policies as a company.
Binance CEO Richard Teng made a statement on his social media account. explanation “I will be talking a lot in the next few weeks. Interviews, events, Ask Me Questions and more. I look forward to meeting many of you soon.” said.
Binance reached a $4.3 billion settlement in the United States for violating money laundering and sanctions laws. Teng admitted his share in the crimes committed and resigned as CEO of Binance. $50 million fine Alan Changpeng replaced Zhao.
Teng said, “For now, I would like to emphasize that – Binance core values will not change. “We are still focused on protecting users & building a platform that people love to use.” said.
Teng, who joined Binance in 2021, previously worked at MAS, Singapore’s central bank, for 13 years, then at the Singapore Stock Exchange for 7 years, and then at Abu Dhabi Global Market.