- It could be Richard Tang
- In the past, he was the head of the Singapore Central Bank.
- Change of board will help the crypto exchange solve reputation problems
Binance crypto exchange has been on a streak of bad luck lately. Recent ones include a shutdown in Australia and an investigation in that country. The company cannot find a common language with regulators and often becomes the subject of various rumors in the media.
According to Bloomberg, the exchange is considering changing the CEO as one of the exits. Changpeng Zhao could be replaced by Richard Teng. The decision has not yet been made, but recently it has been discussed more and more actively, insiders said.
Richard Tan is 52 years old and originally from Singapore. The man devoted 2 years of work to the company. At the end of May Binance appointed its head of all regional markets outside the US.
“Working closely with policy makers, regulators and industry players, Richard is focused on supporting our growth in a compliant and sustainable manner.”
Prior to joining the crypto business, Teng worked at the Monetary Authority of Singapore, the central bank of the city-state. His first position on the exchange was the post of CEO of the Singapore branch. He helped the company obtain a license and establish close cooperation with local regulators.
In total, Teng worked for almost 20 years in government structures.
The crypto exchange has not denied or confirmed plans to change the CEO.