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International Business Times

World

Benoit PELEGRIN

New Binance Chief Stresses Importance Of Compliance

Binance Richard Teng Changpeng Zhao Crypto Bitcoin United States

CEO of cryptocurrency company Binance, Richard Teng, remains bullish about bitcoin (Credit: AFP)

The new CEO of the world's top crypto platform stressed the importance of regulatory compliance for Binance's future success, months after its former chief executive pleaded guilty to violating US anti-money laundering laws and it paid $4.3 billion to settle charges.

In an interview with AFP during a visit to Paris for a cryptocurrency sector conference, Richard Teng said his aim is to keep Binance a "user-focused, user-first organisation" that helped propel its success.

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