Bloomberg Talks cover image

Bloomberg Talks

Binance CEO Richard Teng Talks Securing Full Crypto Permit in Dubai

Apr 18, 2024
Binance CEO Richard Teng discusses securing a full crypto permit in Dubai, emphasizing collaboration with regulators. Topics include headquarters selection process, Bitcoin volatility, long-term bullish outlook, corporate control amidst detainment, and acquiring a new license in Dubai.
07:03

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Binance CEO Richard Teng secured a full crypto permit in Dubai, expanding services to institutional clients and retail customers.
  • Teng is optimistic about the future of cryptocurrencies, citing increasing institutional investments and expecting accelerated adoption rates globally.

Deep dives

Expansion of Binance into Dubai's market with full licensing

Binance CEO, Richard Tang, announced securing a full license with the Dubai Virtual Asset Regulatory Authority, enabling the company to offer its range of services to various customer segments in Dubai. This includes institutional clients, high net worth individuals, and retail customers. Tang emphasized the significance of this development in fostering a vibrant crypto ecosystem in Dubai, highlighting the accessibility of crypto markets round-the-clock, compared to traditional markets.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode