温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/vi/42684.html
点击访问原文链接

Wired interviewed Binance CEO: No communication with CZ, Binance’s current focus is on compliance | Bee Network

进入原网站 导航首页
Wired interviewed Binance CEO: No communication with CZ, Binance’s current focus is on compliance | Bee Network Login Tin tức thịnh hành Nền tảng khởi chạy meme Các tác nhân trí tuệ nhân tạo (AI) DeSci TopChainExplorer Dành cho Newbee Tiền xu 100 lần Trò chơi Ong Trang web cần thiết ỨNG DỤNG Phải Có Người nổi tiếng về tiền điện tử DePIN Tân binh cần thiết Máy dò bẫy Công cụ cơ bản Trang web nâng cao Trao đổi Công cụ NFT CHÀO, Đăng xuất Vũ trụ Web3 Trò chơi Ứng dụng phi tập trung (DApp) Tổ ong Nền tảng phát triển QUẢNG CÁO Tìm kiếm Tiếng Anh Nạp xu Đăng nhập Tải xuống Đại học Web3 Trò chơi Ứng dụng phi tập trung (DApp) Tổ ong QUẢNG CÁO trang chủ•Phân tích•Wired interviewed Binance CEO: No communication with CZ, Binance’s current focus is on compliance Wired interviewed Binance CEO: No communication with CZ, Binance’s current focus is on compliancePhân tích1 năm trước (2025)更新Wyatt 31.6211 17 Original title: Binance Moved Fast, Broke Things-and Paid the Price.Richard Teng Is Cleaning Up

Original article by Joel Khalili, Wired

Bản dịch gốc: Ismay, BlockBeats

Richard Teng does not want to be compared with former Binance CEO Changpeng Zhao. He said he wants to forge his own path instead of filling in the gaps left by others.

In November 2023, Teng took over as CEO of Binance after Changpeng Zhao (known in the industry as CZ) pleaded guilty to violating anti-money laundering regulations and US sanctions as part of a comprehensive settlement with the US Department of Justice, ending years of speculation about potential criminal offenses at Binance. CZ was subsequently sentenced to four months in federal prison, which he has served.

CZ founded Binance in 2017 and is a legendary figure in the mật mã industry, known for his confident statements and active style on social media. Teng, on the other hand, is gentle, easy-going, and has a disarming smile. According to people familiar with the matter who told WIRED, he was well-received by Binance employees when he took office.

Teng, who has served as a regulatory official in Singapore and the United Arab Emirates, is now working to transform Binance from a challenger that circumvents rules, has an opaque corporate structure, and has no global headquarters to a more transparent and compliant company. He said that Binance currently has more regulatory licenses in multiple countries around the world than any competitor. In March of this year, Binance established its first board of directors, whose members are mainly composed of company executives.

Under Tengs leadership, strong growth in the crypto market has also helped boost Binances growth, with its user base growing from about 170 million to around 240 million. Teng said nearly 30% of those users signed up in 2024. Despite a legal dispute with the U.S. Department of Justice, Binance remains the worlds largest crypto exchange.

However, even as Teng is charting a new course for Binance, CZ鈥檚 influence lingers. Under a settlement with the Department of Justice, CZ is unable to directly manage Binance, but in late January he joined venture capital firm Binance Labs, which was recently renamed YZi Labs, as an advisor.

Ella Zhang, head of YZi Labs, insisted that the agency has been operationally independent of Binance since its establishment in 2018, contrary to some reports. But she also said that the agencys funds mainly come from the personal assets of Binances founders. At the same time, as Binances largest shareholder, CZ still has influence on major decisions of the company, which may limit Tengs room for reform.

Teng spoke to WIRED in January at the CfC St. Moritz conference in Switzerland. The following interview has been edited for brevity and clarity.

WIRED: Now that CZ has completed his sentence, he remains the largest shareholder in Binance. Are you in regular contact with him? What will his role at Binance look like in the future?

Richard Teng: My senior management team and I report to the board, but CZ is not on the board and I do not maintain regular communication with him.

However, he is the largest shareholder of Binance and still has shareholder rights. Even for large public companies around the world, shareholders have the right to vote on the direction of the company.

WIRED: But do you think it will be difficult to drive Binance into a new era when the companys founder鈥攁 person who is almost synonymous with Binance鈥攊s still the largest shareholder?

Richard Teng: Our goal is very clear, which is to build a world-leading, sustainable and top-level platform. In this regard, I work closely with the senior management team and the board of directors.

WIRED: How do you want the outside world to view the difference between the CZ era and the Richard Teng era?

Richard Teng: When CZ founded Binance in 2017, the industry environment was completely different – institutions had not yet entered this field, and there were almost no relevant regulations and regulatory requirements in the market. The environment then was very different from now.

When I took over, we had to adapt the company to a new industry environment – an environment that required higher compliance and where the regulatory system was gradually becoming clearer, although there were still inconsistencies and lack of coordination between jurisdictions.

We have invested a lot of resources in our compliance system. Currently, Binance has become one of the most regulated trading platforms in the world, with regulatory licenses in 21 different countries or regions. This is where we are headed in the future.

WIRED: What specific steps are you taking to ensure that Binance doesnt repeat the same mistakes and issues that led to CZ serving time in the past?

Richard Teng: Last year, we conducted nearly 100 training courses and workshops for law enforcement agencies around the world covering investigative techniques. Encryption technology is inherently traceable, and we want to emphasize how to use this feature to deter, detect and prevent the behavior of criminals.

We hope to work closely with our global competitors and law enforcement agencies to ensure the sustainable development of the industry and jointly curb illegal financial crime.

WIRED: Under the settlement with the U.S. Department of Justice, Binance is subject to external oversight. What does this mean in practical terms?

Richard Teng: We currently have two sets of external regulatory teams: one is designated by the U.S. Department of Justice, and the other is designated by the Financial Crimes Enforcement Network (FinCEN). We work closely with both teams.

Our goal is the same – to ensure continuous investment and strengthening of our compliance system. If there are any blind spots that we are not aware of, the Compliance Monitoring team is here to help. They review our compliance processes, request data, and make recommendations for areas that need improvement.

To me, thats very valuable. Its not just our own validation, but the independent, external validation that were actually moving in the right direction.

WIRED: In the past, Binance has positioned itself as a global company without a headquarters. How has that changed under your leadership?

Richard Teng: This is something we are very concerned about. As Binance is regulated globally, the two most basic requirements of the regulators are the establishment of a board of directors – we have already appointed the relevant members – and the establishment of a global headquarters.

We are in in-depth discussions about the location of our global headquarters, which is a complex decision-making process that requires consideration of multiple factors, such as whether we can establish a talent base in the country, whether the countrys regulatory framework is appropriate, etc. We are currently in in-depth communication with multiple jurisdictions.

WIRED: What is Binance鈥檚 strategy in the United States after the new Trump administration takes office?

Richard Teng: The US market is not our focus at the moment. Whether we will reconsider it in the future depends on how the local regulatory environment develops. Our current strategy is to focus on markets with huge growth potential around the world.

However, 2024 is indeed a milestone year. The United States approved the Bitcoin ETF, followed by many other jurisdictions. This change has turned institutional investors from skepticism to trust, and many institutions that previously took a wait-and-see attitude – including family offices, foundations, endowment funds, etc. – have begun to allocate crypto assets.

We believe this trend will continue to gain momentum in 2025, especially after the United States gets a pro-cryptocurrency president.

WIRED: What does having a pro-cryptocurrency government in the U.S. mean for the crypto industry as a whole?

Richard Teng: For a long time, the crypto industry has been striving for legitimacy and hoping to obtain clear rules and regulatory frameworks. The influence of the United States around the world is extremely important.

Under the new administration, President Trump will appoint regulators who are very supportive of cryptocurrencies. His discussion of establishing a strategic reserve of Bitcoin has changed the mindset of sovereign wealth funds around the world. Once the United States begins to consider this move, many countries around the world will follow suit.

Policymakers will be watching President Trump鈥檚 appointment of a new chief of staff for AI and cryptocurrency closely. There must be deeper considerations behind this, and other countries will also be considering whether to take similar measures.

What鈥檚 good for the industry as a whole is good for us as well.

WIRED: Are you in touch with David Sacks, the USs AI and cryptocurrency chief? What do you think of his appointment?

Richard Teng: The content of our private meetings is always kept confidential.

WIRED: Switching gears, I want to talk about the challenges to the trading platform business model. Over the past year, ETFs have provided investors with an alternative way to enter the crypto market. At the same time, peer-to-peer trading platforms accounted for one-fifth of the markets trading volume for the first time. How do you view these competitive pressures?

Richard Teng: We believe that the liquidity cost of obtaining exposure to crypto assets through ETFs is very high. ETFs can only be traded from Monday to Friday, while market news is 24/7. From a hedging and risk management perspective, ETFs are not the most ideal tool. ETFs are only the first step for investors to enter the crypto market, not the final destination.

As the crypto market becomes more mainstream and institutionalized, we believe both centralized and decentralized exchanges will continue to grow.

If we are to reach our goal of one billion users, we must continue to launch new product features. Last year, we launched the wallet and Binance Square (a social platform focused on the crypto space). Payments are also an important growth area – since launching Binance Pay two years ago, our transaction volume has reached nearly $26 billion.

In addition to trading fees – the core revenue source of the exchange platform – we will continue to explore other opportunities that can help users deepen their crypto journey.

Liên kết gốc

This article is sourced from the internet: Wired interviewed Binance CEO: No communication with CZ, Binance’s current focus is on compliance

Related: Story mainnet is about to be launched, here are 8 potential projects worth paying attention to Original title: Tell Your Stories Through Story Original author: Defi 0x Jeff, head of steak studio Original translation: Ashley, BlockBeats Editors note: Story is reshaping intellectual property (IP) management in the Web3 era, giving creators greater control through decentralized registration, authorization, and monetization. This article sorts out the core concepts and popular projects of the Story ecosystem, and shows how it makes IP tradable and collaborative. The following is the original content (for easier reading and understanding, the original content has been reorganized): In 1935, Happy Birthday to You was widely believed to be in the public domain—until it was proven otherwise. The Hill sisters actually registered the copyright, which was later acquired by Warner/Chappell Music, which collected high royalties for its use in film, television, and even at public…

Phân tích ## bitcoinTiền mã hóa #Trao đổi #Thị trường #Công cụ #© 版权声明Mảng 上一 hình ảnh Messari: A look at the Decentralized Physical Artificial Intelligence DePAI map 下一 hình ảnh XRP Price’s Recovery Threatens $400 Million Liquidations For Traders 相关文章 Mối đe dọa tiềm ẩn của thế giới blockchain: phân tích đầy đủ về các cuộc tấn công lừa đảo 6086cf14eb90bc67ca4fc62b 42.262 1 From tokenized stocks to carbon credit tracking, EASY Residency’s first quarter highlights seven hot projectsRecommended 6086cf14eb90bc67ca4fc62b 23.524 This weeks Meme bottom-fishing list: FREDs top holdings increased, ai16z released good news 6086cf14eb90bc67ca4fc62b 37.713 2 Danny Ryan: Wall Street needs decentralization, it needs Ethereum. 6086cf14eb90bc67ca4fc62b 16.087 Matrixport Market Observation: BTC and ETH hit new highs again. Can funds and policies continue to be strong? 6086cf14eb90bc67ca4fc62b 28.966 3 Could it be removed from the index? Strategy is mired in a “quadruple strangulation” crisis. 6086cf14eb90bc67ca4fc62b 16.134 1 bình luận Bạn phải đăng nhập để co thể để lại một lơi nhận xét! Đăng nhập ngay lập tức #BeelieverTYRDVMI Khách mời “If you’ve lost money fraudulently to any company, broker, or account manager and want to retrieve it, contact www.Bsbforensic.com They helped me recover my funds!”

12 tháng trước Bài viết mới nhất How to Systematically Track High-Win-Rate Addresses on Polymarket? 6 giờ trước 259 CoinEx Research: Geopolitical Tensions Drive Up Oil and Gold Prices, Crypto Market Absorbs Liquidity Shock 6 giờ trước 421 Low-Threshold Investment in SpaceX and ByteDance: MSX Partners with Republic to Usher in a New Era of Global Top Unicorn Investment 6 giờ trước 432 Hold Bitcoin Mid-Term Short Positions, HYPE Successfully Rides the Wave for Profits | Guest Analysis 6 giờ trước 413 Arthur Hayes: Middle East Flares Up, Time to Be Bullish on Bitcoin 6 giờ trước 464 Trang web phổ biếnTempoLighterGAIBMáy bay lượnPlanckRaylsBCPokerVooi Bee.com Cổng thông tin Web3 lớn nhất thế giới Đối tác đồng xuCá chép Binance CoinMarketCap CoinGecko Coinlive Giáp Tải xuống Bee Network APP và bắt đầu hành trình web3 Giấy trắng Vai trò Câu hỏi thường gặp © 2021–2026. Tất cả quyền được bảo lưu. Chính sách bảo mật | Điều khoản dịch vụ Tải xuống ứng dụng Bee Network và bắt đầu hành trình web3 Cổng thông tin Web3 lớn nhất thế giới Đối tác CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Giấy trắng Vai trò Câu hỏi thường gặp © 2021–2026. Tất cả quyền được bảo lưu. Chính sách bảo mật | Điều khoản dịch vụ Tìm kiếm Tìm kiếmTrong trang webOnChainXã hộiTin tức 热门推荐: Thợ săn airdrop Phân tích dữ liệu Người nổi tiếng về tiền điện tử Máy dò bẫy Tiếng Việt English 繁體中文 简体中文 日本語 العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский Tiếng Việt

智能索引记录