Richard Teng emphasizes a significant shift in approach at Binance, moving from CZ's era of minimal regulation to a robust framework rooted in compliance. With 21 regulatory approvals, Teng aims to build a sustainable global exchange, stressing the need to adapt to a stricter regulatory environment. Key initiatives include extensive training for law enforcement on crypto usage, positioning Binance to proactively combat illicit activities in collaboration with global regulators and competitors. This comprehensive regulatory strategy marks a pivotal change in Binance's operational philosophy and goals.
We are now the most regulated exchange globally, with twenty-one different regulatory approvals. This is the path forward.
We want to work very closely with our competitors and law enforcement agencies globally to make sure that we have a sustainable future and can keep out all these illicit financial crimes.
Collection
[
|
...
]