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Richard Teng, the new CEO of Binance, the largest cryptocurrency exchange in the world, published his first blog post on the company’s website since stepping into his new role. In the Nov. 27 post, Teng emphasized the importance of developing global regulations for the crypto industry. This move comes as part of his commitment to ensuring consumer protection and promoting innovation in the crypto space.
Teng said in the post that it is vital for the crypto industry to prioritize collaboration with policymakers in order to develop a "globally harmonized regulatory framework" for the industry that provides consumer protections while fostering innovation. "I am eager to work with my peers across the industry on this critical effort and know that our voice will be heard more loudly when we’re united," Teng said.
Teng highlighted his background in the financial and regulatory industries and said his experience has positioned him to understand the challenges and opportunities facing the crypto industry, according to the post.
