Teng: Binance is preparing 'for any shifts in policy that might come with new leadership'

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Teng: Binance is preparing 'for any shifts in policy that might come with new leadership'

Policy

Binance CEO Richard Teng (right) | X/_RichardTeng

By Crypto Republique

Jun 26, 2024

Binance CEO Richard Teng stated that the company is preparing for potential changes in France's crypto-related policies following the country's upcoming elections. Teng shared his statement during a June 17 episode of the Bankless podcast.

"We are aware of the potential political risks and the possibility of changes in leadership," said Teng. "It's important for us to prepare for any shifts in policy that might come with new leadership."

France is set to hold two rounds of parliamentary elections on June 30 and July 7, according to the Financial Times. Candidates from President Emmanuel Macron's Ensemble party are trailing behind candidates from the Rassemblement National and the Nouveau Front Populaire. Despite Macron's victory in the 2022 presidential election, his party did not win a majority in that year's parliamentary elections.

Binance CEO Richard Teng (right) | X/_RichardTeng

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Changpeng Zhao (CZ), the co-founder and former CEO of Binance, said ahead of the 2022 election that Macron and other members of the French government have supported "pro-crypto" policies, Yahoo Finance reported. During a speech at the historic Paris stock exchange building, CZ said, "France has some very pro-business, pro-crypto regulations and also just (the) government's attitude towards this industry ... has been phenomenal."

Aurore Galves-Orjol, a business professor in Lyon and co-founder of Bitcoin-Lyon, announced her candidacy in the upcoming election for the 8th constituency of Isère earlier this month, Coin Tribune reported. Galves-Orjol is not aligned with a political party but says she is positioning herself as a pro-crypto candidate who believes Bitcoin is key to monetary and individual sovereignty.

Before joining Binance in August 2021, Teng served as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), chief regulatory officer of the Singapore Exchange (SGX), and director of corporate finance at the Monetary Authority of Singapore, according to Binance’s website. Teng became CEO of Binance in November.

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Teng: Binance is preparing 'for any shifts in policy that might come with new leadership'

CRYPTO NEWS AROUND THE GLOBE

Tokenized Treasuries Hit Record $4.2B Market Cap as Crypto Correction Fuels Growth

Maximizing BNB Utility on Binance: A Guide to the Benefits

FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapse

Binance recognized by Indonesian cybercrime directorate for collaborative efforts

It's the first institutional investment in the crypto exchange and the investment was made in an unnamed stablecoin, Binance said.

US CPI Inflation Drops to 2.8%: Is Bitcoin About to Explode Again?

Business founder on Binance France allegations: 'What is this madness?'

Indian authorities arrest alleged Garantex founder for US extradition

Trump’s crypto summit ‘not going to have anything on taxes’ — White House official

Bitcoin: USA could sell gold to finance its strategic BTC reserve

Lawmaker of Japanese LDP on crypto regulation: We will classify 'Crypto assets as a new asset class'

Tom Lee Predicts Market Bottom This Week, Still Sees Bitcoin Closing the Year at $150K

IMF deal to ban public sector ‘Bitcoin accumulation’ in El Salvador

Bitcoin: Michael Saylor's company pauses BTC purchases

Head of law enforcement training at Binance: We need 'a unified approach between law enforcement and industry leaders'

Bitcoin Sell-Off Could Be a Textbook 'Breakout and Retest' Play: Godbole

CEO of Binance on crypto market turbulence: 'A tactical retreat, not a reversal'

Bybit hack forensics show SafeWallet compromise led to stolen funds

Bitcoin News: U.S. Spot Bitcoin ETFs See Record Single-Day Outflow of Over $900M as Carry Trades Yield Less Than the 10-Year Treasury Note

How DeFAI can scale safely in the age of AI

CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC

New SEC Cyber Unit Closes Chapter on Agency's Crypto Enforcement Emphasis

SEC Launches Fraud Unit That Exploits Crypto, AI Enthusiasm

CZ on aid for Argentinian rug pull victims: 'Sent 150 BNB. Good luck'

CEO of AUSTRAC on non-AML compliant crypto exchanges: They 'can expect to hear from us'

Memecoin LIBRA in Argentina: A look back at a future state scandal? Crypto Dossier

U.S.-Listed Bitcoin Miners Are Growing Their Share of the Network Hashrate: Bernstein

Governor of Bank of Italy: Crypto 'regulatory divergences between the U.S. and Europe will need to be carefully assessed'

Blockchain Wars: BNB Chain Overtakes Solana and Ethereum in Daily Fees

Former prosecutor of DOJ: The corporate monitorship system is 'in dire need of reform'

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