Binance has named Richard Teng to lead its regional markets outside the US, in a timely fashion where the world’s largest cryptocurrency exchange has come under scrutiny from US regulators for questions. compliance.
Richard Teng, who revealed his promotion on his LinkedIn profile, already leads regions like Asia, Europe and the Middle East. He joined Binance as Managing Director of Singapore in August 2021.
Mr. Teng will take up his new post on Monday.
This development comes at a time when Binance has come under fire from US authorities over non-compliance issues, while it has also faced pressure in other countries.
It pulled out of Canada earlier this month as the country implemented strict regulations for crypto-asset trading platforms, while Australia revoked the company’s financial services license on last month amid a regulatory investigation.
Prior to joining Binance, Mr. Teng held positions at various financial institutions such as Singapore Exchange Ltd, Monetary Authority of Singapore, and Abu Dhabi Global Market.
2023-05-29 12:00:28
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