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New Binance CEO Promises Greater Transparency
New Binance CEO Richard Teng has promised that the firm will maintain a greater commitment to transparency moving forward. Teng made this pledge in his first blog post to the company users.
Mr Teng took over as CEO after Changpeng Zhao (CZ) pled guilty to charges of money laundering and sanctions violations. CZ was asked to step down from the company as part of a $4 billion criminal settlement with the US government.
Before his ascension to the office of CEO, Teng was the former Head of Regional Markets. He also has three decades of financial services and regulatory experience under his belt. Leveraging on these, Teng believes he has what it takes to lead the company through its current challenges.
“I understand the unique challenges and opportunities that our industry presents, and I am dedicated to steering us through crypto winters and summers alike,” he noted.
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Since the DOJ
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