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CoinDesk Podcast Network
COINDESK SPOTLIGHT: From Regulator to Crypto Trailblazer: Spotlight With Binance CEO Richard Teng
Sep 24, 2024
Richard Teng, the CEO of Binance and former financial regulator in Singapore, shares insights on his ten-month journey at Binance. He discusses the rapid growth of the company to 220 million users and emphasizes the importance of collaboration for enhanced regulatory frameworks. Teng highlights challenges in navigating the evolving crypto landscape, advocating for firsthand experience among regulators. He also addresses a serious situation involving a detained employee in Nigeria and showcases his personal interests, including a surprising affinity for tax planning and Korean dramas.
28:54
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Quick takeaways
- Richard Teng emphasizes the importance of regulatory cooperation, highlighting Binance's commitment to secure licenses in various jurisdictions for user trust.
- The accelerating pace of cryptocurrency adoption signifies a shifting attitude among financial institutions, with a goal of onboarding the next billion users.
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