A chat with Binance Singapore CEO Richard Teng

Richard Teng, after clocking time at the MAS, the SGX and setting up Abu Dhabi's regulatory body, lands himself in Binance Singapore.

Angela Tan

Published Fri, Sep 10, 2021 · 05:50 AM

The Strategy Room

Singapore

FOR seven and a half years at the Singapore Exchange (SGX), Richard Teng worked closely with the Monetary Authority of Singapore (MAS) to ensure that investors were protected. He also kept watch on whether the markets were fair, efficient and transparent, and that, as far as possible, no systemic risks cropped up. As the SGX's chief regulatory officer, he was responsible for policy and framework in the areas of listing, trading and clearing as well as regulatory solutions for new products and services.

Six years on, Mr Teng is now the chief executive officer of the Singapore arm of Binance, a global cryptocurrency exchange that in the last 24 hours has facilitated close to US$30 billion in trading volume.