Crypto Bourse Binance Confirms Ex-SGX Executive as Singapore CEO
- Richard Teng takes role after leaving Abu Dhabi Global Market
- Appointment comes as Binance faces scrutiny around the world
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Binance Singapore, the local affiliate of the world’s largest cryptocurrency exchange, named former Singapore Exchange Ltd. executive Richard Teng as chief executive officer.
The announcement confirms a Bloomberg News report last week that said Teng was in line for the role as parent Binance Holdings pivots to a more compliance-oriented outlook and Binance Singapore seeks local licenses.