Binance gets new CEO amid US money laundering probe – Who is Richard Teng?

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Key Points

Civil servant-turned-crypto executive Richard Teng will now help the company navigate a web of regulatory probes and take on the challenge of retaining customer confidence in Binance..

Im pleased to announce that Richard Teng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today," Zhao known online as CZ tweeted on November 22. ..

Teng had served as the company's Global Head of Regional Markets for a few months prior to assuming the top role..

He had previously been the Singapore CEO before serving as Binance's Regional Head of Asia, Europe and Mena...

Over the span of a 30-year career Teng has also served as the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market..

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