The shock announcement comes as part of a reported $4.3 billion settlement with the US Securities and Exchange Commission (SEC), in which Binance adm
The shock announcement comes as part of a reported $4.3 billion settlement with the US Securities and Exchange Commission (SEC), in which Binance admitted to being used “to funnel money to Hamas.”
Meanwhile, Richard Teng, who was appointed to oversee Binance’s regional markets outside the U.S. in June has been announced as CZ’s successor.
“It is an honour and with the deepest humility that I step into the role of Binance’s new CEO. We operate the world’s largest cryptocurrency exchange by volume. The trust placed on us by our 150m users and thousands of employees is a responsibility that I take seriously,” said Teng.
Teng’s wealth of experience in core areas of regulation and compliance stands out. Prior to heading the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), he was chief regulatory officer of the Singapore Exchange (SGX). He had also spent 13 years with the Monetary Authority of Singapore (MAS)
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