Binance's new CEO faces challenges after company's guilty plea

Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These are just some of the tasks for crypto exchange Binance’s new head Richard Teng. Teng, 53, succeeded Zhao as the chief executive of the world’s largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations.

Zhao, Binance’s founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe. Binance will pay $4.3 billion (R80.78 billion) in penalties — one of the largest such agreements in US history — while Zhao will pay a $50 million (R939.29 million) fine.Taken together, the events are a breathtaking rebuke of crypto’s linchpin exchange and land Teng with arguably the hardest job in the digital-asset secto

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Binance CEO does not view India as viable crypto market - HypertextAccording to Binance co-founder and CEO, Changpeng Zhao, India is not a very cryptocurrency friendly environment.
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Business Maverick: Binance and Its CEO Sued by CFTC Over US Regulatory ViolationsBinance Holdings Ltd., the world’s largest cryptocurrency exchange, and Chief Executive Officer Changpeng Zhao were sued by the US Commodity Futures Trading Commission for allegedly breaking derivatives rules.
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