Binance is now “totally different”: interview with CEO Richard Teng

THE new CEO of Binance takes action of THE Exchanges future following A landmark $4.3 billion regulation with United States authorities In A face to face interview with Cointelegraph.

Binance CEO Richard Teng has insured THE “gaps In compliance" Since THE early days of Binance are firmly In THE pass And that THE crypto exchange East NOW "totally different."

Teng, THE ancient head of regional markets For Binance, was pupil has THE position of CEO on Nov. 21 After Chang Peng 'CZ' Zhao take a step down Since THE role, pleading guilty has charges perceived against him by THE WE. Department of Justice.

"As part of THE regulation, CZ can't be implied In THE day by day running of THE the company operations”, Teng explained.

Despite that, THE holder CEO of Binance cuts THE figure of A man be delighted In THE challenges in front. Speaking has Cointelegraph just two weeks After socket on Since outgoing CEO Chang Peng 'CZ' Zhao, Teng seems has taste be has THE rod of THE of the world the biggest cryptocurrency exchange:

"I am socket THE stick And push in front with OUR growth agenda while functioning very closely with global regulators. »

Teng believes that THE "covered" terms clouding Binance In recent month are lifting following It is staggering $4.3 billion regulation with THE United States Justice Department relative has A raft of violations of WE. regulations And punishments programs.

THE exchange has paid dearly For errors do during It is meteoric growth Since 2017 From. Teng remember how Zhao built Binance Since A team of six people has A global operation consisting of thousands of employees that serves A user base estimated has be more that 166 millions.

"In those very early days while We were building up THE business, there were gaps In terms of compliance...