Quantcast
CRYPTO NEWS AROUND THE GLOBE
Trump's US-Propelled Crypto Adoption – Will France Follow?
MicroStrategy Upsizes Debt Offering to $2.6B; Breaks Into Top 100 U.S. Public Companies by Market Cap
Bitcoin on November 20 – BTC dominates the crypto market in this bull run
BIS study questions decentralization in DeFi liquidity provision
Bitcoin surges to record high near $95,000
Polish Presidential Candidate Bullish on Bitcoin – Following in Donald Trump’s Footsteps?
Cryptocurrencies: Goldman Sachs will dedicate its blockchain to institutional trading
Michael Saylor's MicroStrategy Added Additional 51,780 Bitcoin for $4.6B
Speculation looms over SEC leadership under Trump as rhetoric escalates
Outlier Ventures CCO: 'Fundamental crypto general-purpose technology' in off-chain sectors is 'interesting'
Bank of Russia revokes license of Corporate Finance Bank LLC
MANTRA CEO: 'We're obviously meant to be relatively agnostic' as a 'layer one blockchain'
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Chainalysis CRO: 'I think TradFi is coming to the blockchain'
KYC, filtering, and sanctions: the European Banking Authority wants to toughen crypto regulation
Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF
Gary Gensler's days at the SEC are numbered – His letter suggests his resignationGary Gensler's days at the SEC are numbered – His letter suggests his resignation
Visa launches tokenized asset platform to bridge fiat and blockchain
DFF CEO: 'There needs to be more collaboration, more unity between nations'
Bitcoin: BTC surpasses $92,000, on the way to $100,000?
BlackRock Expands Tokenized Fund BUIDL Beyond Ethereum to 5 New Blockchains
Donald Trump Places Elon Musk in Government Position – What Impact on Dogecoin (DOGE)?
Dogecoin Flips XRP as Elon Musk-Linked Trade Keeps on Giving
Elon Musk revives the idea of dismantling the Federal Reserve (Fed): A call to Bitcoin supporters?
Bitcoin offers almost a new ATH per day – 100,000$ by January?
Dubai real estate policy director: We aim to grow 'real estate transactions' to '1 trillion dirhams'
Nansen CEO: 'We believe that every asset will be tokenized'
Bitcoin tops $89,000 as crypto euphoria over Trump win shows no sign of waning
Ethereum deploys nearly $500M to ecosystem projects in 2022–23: Report
BlackRock Bitcoin ETF (IBIT) records record $1.1 billion in admissions
All Crypto News Around The Globe

Binance CEO: 'Our commitment extends beyond mere compliance'

Webp teng 4
Binance CEO Richard Teng (left) speaking at Paris Blockchain Week 2024 | YouTube/SorobanDeveloper

Binance CEO Richard Teng has affirmed that Binance's commitments extend "beyond mere compliance" and demonstrate "a willingness to adhere to all regulations." Teng voiced this statement during Paris Blockchain Week on April 9.

"Our commitment extends beyond mere compliance; we aspire to elevate our standards, showcasing a demonstrable willingness to adhere to all regulations," said Teng, according to YouTube. "A robust program instils confidence in our users."

According to a video of his speech on YouTube, Teng revealed at the conference that one of the top three commitments he established upon assuming the role of CEO at Binance is to "work collaboratively with regulators to uphold standards."

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Teng assumed the position of CEO after Binance reached a settlement with the U.S. Department of Justice (DOJ) on November 21 over historical compliance issues, as stated in a DOJ press release.

During the investigation leading up to this resolution, several U.S. government agencies identified past compliance issues within the company but also recognized the improvements Binance had made to rectify these issues, according to a post on Binance's website. Numerous government agencies commended Binance’s enhanced compliance program. The U.S. Financial Crimes Enforcement Network (FinCEN) consent order stated that Binance "remodeled its compliance program governance and organization structure, including by hiring new compliance leadership with professional compliance experience in the financial sector and law enforcement." Moreover, it was noted in the consent order that "Binance’s current compliance program would not permit users identified as associated with terrorist financing to remain on the platform or remove funds."

Paris Blockchain Week is a digital asset conference taking place from April 9-11, as per information from the event's website. Alongside Teng, other featured speakers at the conference include Stellar Development Foundation CEO Denelle Dixon, Ledger CEO Pascal Gauthier, and Ripple CEO Brad Garlinghouse.

Before joining Binance in August 2021, Teng held several prominent positions such as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), Chief Regulatory Officer of Singapore Exchange (SGX), and Director of Corporate Finance at the Monetary Authority of Singapore, as per Binance’s website.

More News

European banking authority issues new guidelines for crypto providers to comply with restrictive measures

On November 14, the European Banking Authority (EBA) released comprehensive guidelines for Payment Service Providers (PSPs) and Crypto-Asset Service Providers (CASPs) to ensure alignment with European Union (EU) and national restrictive measures. These guidelines aim to reduce risks and strengthen compliance when transferring funds or crypto assets.

Nov 22, 2024

New crypto regulations aim to keep startups from 'sailing away' to the U.S.

The UK government is set to introduce new cryptocurrency regulations aimed at countering the growing appeal of the United States as a destination for crypto businesses. In response to concerns of regulatory delays following Brexit, the legislation focuses on establishing a clearer framework for stablecoins and staking activities, with the goal of strengthening the UK’s position as a global hub for digital assets.

Nov 22, 2024

OpenAI chooses Paris as its new home base

OpenAI, the world’s largest artificial intelligence company, has announced it will establish a new base in Paris.

Nov 20, 2024

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

Nov 20, 2024

UK’s digital assets bill brings much-needed clarity to digital asset regulation

On November 6, the UK government issued an updated version of the Property (Digital Assets Etc.) Bill, clarifying its approach to defining digital assets, including crypto tokens, as recognized property under English law. The update aims to provide greater security and clarity for individuals and businesses engaging with digital assets.

Nov 20, 2024

Outlier Ventures CCO: People may use a 'more efficient, much less costly system to achieve the same user benefit'

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024

Crypto Comments
Loading...

No comments available.

Trending
1

MANTRA CEO: 'Institutional adoption of tokenization already has significant product-market fit'

2

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

3

Outlier Ventures CCO: People may use a 'more efficient, much less costly system to achieve the same user benefit'

4

UK’s digital assets bill brings much-needed clarity to digital asset regulation

5

OpenAI chooses Paris as its new home base