Bankless CZ, Bull Market Predictions & The Future of Binance | New CEO Richard Teng
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Jun 17, 2024 
Richard Teng, the new CEO of Binance and former financial regulator, shares his insights on leading one of the biggest crypto exchanges after CZ's departure. He discusses his transition from traditional finance to crypto challenges, the booming market in Nigeria, and future predictions for the industry. Teng emphasizes his vision for a more user-centric Binance and highlights the importance of compliance and collaboration. Tune in for predictions about Bitcoin and Ethereum and how Binance plans to navigate the U.S. regulatory landscape.
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Richard Teng's First Crypto Experience
- Richard Teng's first crypto experience was in 2017 at a futures industry conference.
- He became intrigued by crypto and saw it as the future of finance after observing "crypto boys" and their interest in the new industry.
Crypto and Financial Inclusion
- Crypto facilitates financial inclusion by enabling low-cost remittances and 24/7 access.
- Mainstreaming crypto requires clear regulations and institutional investment.
Filling CZ's Shoes
- Richard Teng acknowledges that no one can replace CZ, the founder of Binance.
- He emphasizes a team effort and adapting to the changing regulatory landscape.