Brief:
- Binance Singapore got a new CEO who has vast experience in different financial services
- Priorly, Richard Tang worked with the Abu Dhabi Global Market (ADGM)
The leading crypto exchange, Binance Singapore, today announced the appointment of Richard Teng, the former CEO of Financial Regulatory Authority at Abu Dhabi Global Market (ADGM), as Chief Executive officer (CEO).
Before this, Richard Teng had served in ADGM. where he played a key role to make famous ADGM among the international regulators and industry bodies. Owing to this Forbes article labeled him as “one of the world’s foremost innovative regulators”. Currently, ADGM has 2700 registered licenses and nearly 150 approved financial institutions. Mr. Tang was the person who made this kind of hike in just over 5 years.
Previously Mr, Tang was also the Chief Regulatory Officer of Singapore Exchange(SGX). Where he worked in a regulation group, which make the policy and framework for listing, trading, and clearing. Before joining SGX, Mr. Tang Spent almost 13 years with the Monetary Authority of Singapore as a director.
Richard Tang is Excited About the Future of Binance Singapore
Richard Tang quoted “I am thrilled to be joining Binance Singapore at this pivotal time for the blockchain and crypto industry. I look forward to working with the talented team at Binance Singapore in furthering our business growth in a responsive and sustainable manner by meeting the needs of investors, adhering with best practices and complying with regulatory standards. We are witnessing rapid mainstream adoption of the blockchain and crypto technology, leading to the need for greater understanding and appreciation amongst individuals, institutions and governments. We seek to work closely with industry leaders and policymakers to enhance understanding of this fast-growing industry and support its sustainable growth.”
Changpeng Zhao is also excited about the new CEO of Binance Singapore, said that “Richard is a seasoned Board and C-level leader with three decades of financial services and regulatory experience. We are delighted to have Richard leading the Binance Singapore team in securing more strategic partnerships, fostering innovation and furthering the local cryptocurrency ecosystem in Singapore.”
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“Binance is not only a leader in technology innovation. we will also be a leader in regulatory compliance. Having Richard joining us is a big step in that direction.”
