Advertisement
Australia markets closed

  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     

  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     

  • AUD/USD

    0.6421
    -0.0004 (-0.07%)
     

  • OIL

    83.24
    +0.51 (+0.62%)
     

  • GOLD

    2,406.70
    +8.70 (+0.36%)
     

  • Bitcoin AUD

    99,917.75
    +873.02 (+0.88%)
     

  • CMC Crypto 200

    1,381.43
    +68.81 (+5.25%)
     

  • AUD/EUR

    0.6023
    -0.0008 (-0.13%)
     

  • AUD/NZD

    1.0893
    +0.0018 (+0.17%)
     

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NASDAQ

    17,037.65
    -356.67 (-2.05%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • Dow Jones

    37,986.40
    +211.02 (+0.56%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

Binance Hires Former Abu Dhabi Global Market Head as Singapore CEO

Sebastian Sinclair
Updated ·1-min read

Binance has hired Richard Teng, the former CEO of Abu Dhabi’s financial watchdog, to head the exchange’s operations in Singapore, the company said in a press release on Monday.

  • Teng had reportedly been in talks with the exchange’s Singapore subsidiary business to join as early as last week, CoinDesk reported.

  • The move can be viewed as an opportunity to get ahead of the regulatory curve which has been a cause of consternation for the exchange in recent weeks.

  • Binance Singapore offers Singapore citizens and residents trading pairs for bitcoin, ether and Binance coin. The platform provides SGD deposit and withdrawal functionality via Xfers Direct, according to a press release on Monday.

  • Teng spent six years at the Financial Services Regulatory Authority at Abu Dhabi Global Market as its head.

  • He also spent seven years as the chief regulatory officer of the Singapore exchange and 13 years with the Money Authority of Singapore, according to his Linkedin profile.

Related Stories