Crypto exchange Binance has announced the appointment of Richard Teng as its head of regional markets outside the US.
Teng, who joined the world's biggest crypto exchange in August 2021 as its chief exec for Singapore, currently oversees the company's Asian, European, Middle Eastern and North African business.
Prior to Binance, Teng served in the traditional financial sector in roles such as chief exec of Abu Dhabi Global Market, chief regulatory officer at Singapore Exchange and director of corporate finance at the Monetary Authority of Singapore.
His promotion comes at a tumultuous time for Binance. The company is currently facing pressure from US lawmakers over compliance issues. Binance withdrew from Canada earlier this month after the country set tight regulations for crypto asset trading, and saw its Australian financial services licence cancelled last month amid an ongoing probe.
The company however is expanding in other markets. It plans to launch a new platform in Japan this summer after acquiring local crypto firm Sakura Exchange BitCoin last year, while its joint venture in Thailand recently secured licences for a digital exchange.
Latest News
-
FCA sues HTX over illegal crypto promotion in the UK
-
NAB expands multi-cloud strategy with new Google partnership
-
Coinbase rolls out crypto rewards card in the US
-
Citi chief executive elected chair of the board and awarded $25m bonus
-
Allica bank buys Kriya as challenger sets sights on £1bn SME lending
-
Canada to launch Financial Crimes Agency as part of anti-fraud measure
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
Unleashing generative AI: A force multiplier for financial crime teams
This FStech webinar, sponsored by NICE Actimize sees industry experts examine the revolutionary impact of generative AI on financial crime operations, and provides actionable insights to enhance your compliance strategies.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories