Quantcast

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

What are the 5 cryptocurrencies that performed best in May 2024?
Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens
Ethereum ETF: 3 reasons for future failure for JPMorgan
SpacePay Brings Crypto To Traditional Commerce Using Revolutionary Payment Software – Next Big Altcoin of 2024?
Crypto: The impact of the European elections on regulation
“We must change this peremptory tone”: Bruno Le Maire tackled by the Finance Commission on the public deficit
Bitcoin and gold: A growing correlation to closely monitor
Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee
Breaking: DMM Bitcoin Loses 4,502.9 BTC in $305 Million Crypto Hack
A crypto developed thanks to ChatGPT has gained more than 2,000%
DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs
SEC condemned for abuse of power
The U.S. Response to Binance Exec Tigran Gambaryan's Detention Is Shameful
Binance France drops CZ and names two new shareholders to preserve European foothold
Jailed Binance exec in Nigeria is struck by malaria amid anguished pleas from his lawyers and family
SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says
The Paris stock exchange falls as the Fed delays cutting its rates
DOGE: Kabosu, the dog behind the memecoin Dogecoin, died at the age of 17
Ethereum spot ETF (ETH): SEC approves plans from NYSE, CBOE and Nasdaq
Binance exec collapses in Nigerian court as health worsens in prison
WisdomTree may launch its Bitcoin and Ethereum ETPs on the London Stock Exchange
Crypto top & flop: the market pauses except for these three altcoins!
Binance assists Taiwan authorities with money-laundering scheme
A TV host becomes CEO of this crypto platform
Farcaster raises $150M for its social network built on Ethereum
Crypto Tax: 2024 Guide To Cryptocurrency Taxation In France With Waltio
Stock Market: The calm before the storm? Europe facing uncertainty over Fed decisions
Bitcoin Breaks Out Above $68K as Solana's 7% Gain Leads Crypto Rally
Venezuela Cuts Off Power to Bitcoin (BTC) Miners – What Happened?
Apu Meme Coin Skyrockets on Ethereum, Another Meme Coin Set to Surge with $15M Raised
Teng: Binance is preparing 'for any shifts in policy that might come with new leadership'
Policy
Webp teng 7
Binance CEO Richard Teng (right) | X/_RichardTeng

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

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.

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.

More News

Farid Mahmoodi, a crypto trader and whistleblower, has raised serious allegations against the cryptocurrency exchange Bitget.

May 29, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Codex Finance, which is allegedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Financial Conduct Authority (FCA) has issued a warning regarding Dragonfly Capital Fx, which is reportedly offering financial and crypto-related services without proper authorization.

May 22, 2025

The Comisión Nacional del Mercado de Valores (CNMV) has announced that it has informed the European Securities and Markets Authority (ESMA) of its adoption of five MiCA Regulation development guidelines.

May 22, 2025

The German Federal Financial Supervisory Authority (BaFin) has issued a warning to consumers regarding the website turbon.co.

May 21, 2025

The Financial Conduct Authority (FCA) has announced its intention to seek feedback on proposed regulations for cryptoasset trading platforms.

May 17, 2025