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.
Add BT as a preferred source
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.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
The billion-dollar question Singapore Airlines shareholders should ask during its AGM
