Tuesday, October 22, 2024
HomeRegulationsBinance’s Richard Teng Emerges as CZ’s Heir Apparent as Regulators Circle

Binance’s Richard Teng Emerges as CZ’s Heir Apparent as Regulators Circle

In mid-May, cryptocurrency exchange Binance got some bad news in a far-flung corner of its sprawling universe. 

Binance’s payments partner in Australia hadabruptly cut it off, meaning local customers couldn’t deposit Aussie dollars on the platform via bank transfer. Thehit to business was immediate, with Binance halting all Aussie trading pairs about two weeks later, along with bank withdrawals of the local currency. 

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