Binance CEO Reveals Roadmap Post Settlement With US Authorities
Binance’s CEO, Richard Teng, discussed the company’s future strategy and areas of focus post-settlement with U.S. authorities, including the Department of Justice (DOJ).
In an interview with CNBC, Teng emphasized Binance’s shift towards sustainability and compliance, moving past earlier stages where regulations were less clear. The settlement, involving a significant payment and leadership changes, marked a turning point. Binance has established a board of directors, emphasizing internal expertise and external insights to propel the company forward.
The crypto exchange is also deliberating on its global headquarters, considering regulatory frameworks and user accessibility. Teng emphasized the deliberate process in choosing the right location, signaling a new phase in Binance’s corporate journey.
Clever Robot News Desk 12th April 2024
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