Binance has appointed Richard Teng to head its regional markets outside the United States, at a time when the world’s largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues.
Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined Binance as CEO of Singapore in August 2021.
Teng will begin his new role on Monday.
The development comes at a time when Binance has been under fire for non-compliance issues from U.S. authorities, while it has faced pressure in other countries as well.
It withdrew from Canada earlier this month as the country set tight regulations for crypto asset trading platforms, while Australia cancelled the company’s financial services license last month amid a regulatory probe.
Before joining Binance, Teng held positions in various financial institutions such as Singapore Exchange Ltd, Monetary Authority of Singapore and Abu Dhabi Global Market.
Trump embarks on the first visit by a U.S. president to China in nearly a…
The surge in energy prices since March 2026 has revived questions about the pass-through to…
Emissions trading systems have been widely studied globally, but less attention has been paid to…
Given the likelihood of elevated inflation readings, the CPI on Tuesday and PPI on Wednesday.…
Oil rises, stocks fall as Middle East ceasefire falters and Strait of Hormuz remains blocked.…
Trump to visit China this week, to discuss Iran with Xi. Gold fell from a…