In a recent blog post, Richard Teng, the newly appointed CEO of Binance, shared his vision for the future of the crypto exchange following the departure of Changpeng Zhao (CZ). Teng expressed his commitment to maintaining Binance’s core principles while driving growth and innovation.

Binance CEO Stresses Collaboration With Regulators

Teng acknowledged Binance’s foundation and principles, emphasizing the importance of delivering “best-in-class products” that bring value to its more than 160 million users. Teng pledged to continue the company’s focus on product excellence and its mission to promote the “freedom of money.”

As for Binance’s historical compliance problems, Teng highlighted the “significant efforts” the company has made over the past two years to strengthen its compliance program. This core issue has led to heightened scrutiny of the industry and the exchange’s executives and operations over the past year.

Teng also stressed the need for collaboration with policymakers to develop a globally harmonized regulatory framework that fosters innovation while ensuring consumer protection.

Putting users at the center of Binance’s operations, Teng assured them of the company’s financial strength, security, and safety. He emphasized Binance’s debt-free capital structure, robust revenues and profits, and commitment to maintaining 1:1 backing for user assets. 

Notably, Teng underscored the platform’s proof-of-reserves system and the Secure Asset Fund for Users (SAFU) emergency fund as measures to enhance user trust and platform integrity.

Decentralized
Go to Source to See Full Article
Author: Ronaldo Marquez

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details