Richard Teng
Coverage of Richard Teng in the Nexus archive.
- Binance co-CEO says 70% of EU withdrawals went to self-custody after MiCA deadline, with just 30% going to licensed platforms
Binance co-CEO Richard Teng stated that 70% of EU user withdrawals after the service suspension moved to self-custody wallets, while 30% went to MiCA-regulated platforms. The figures reflect user behavior following the EU's MiCA regulatory deadline.
- Regulators invited Binance to seek new licenses after MiCA setback, co-CEO says
Binance is exploring new licensing paths in Europe following a MiCA setback and expanding its regulatory presence in Asia, according to co-CEO Richard Teng. Regulators have invited the exchange to seek new licenses in the region.
- Binance Reportedly Faces European Union Exit as MiCA License Bid Nears Rejection
Binance, the world's largest cryptocurrency exchange, faces potential rejection of its MiCA license application in Greece, which could force it to exit the European Union market by July 1. The exchange claims compliance with MiCA standards but has not received formal denial from Greek regulators, while rivals like Coinbase and Kraken have already secured licenses under the new framework.
- Binance denies new WSJ report alleging $850M in Iran-linked transactions
Binance CEO Richard Teng denied a Wall Street Journal report alleging $850 million in Iran-linked transactions flowed through the exchange to Iran's Islamic Revolutionary Guard Corps (IRGC). The report claims the funds bypassed U.S. sanctions.
- Binance disputes latest WSJ report on alleged Iran-linked transactions
The Wall Street Journal reported that Iranian financier Babak Zanjani allegedly moved $850 million through Binance. Binance CEO Richard Teng disputed the report, claiming it mischaracterized the transactions.