![]() ![]() ![]() He learned about crypto during a poker game with Bobby Lee, CEO of BTC China and investor Ron Cao, and later founded Binance in 2017. He studied computer science at McGill University in Montreal and later landed finance jobs in Tokyo and New York. SINGAPORE - users in Singapore have been given one month to withdraw their fiat assets and redeem their tokens as the platform operator seeks to comply with. Richard Teng will assume the chief executive officer role after his time as a senior bourse executive of the Financial Services Regulatory Authority (FSA) at Abu Dhabi. The exchange named a new CEO to head its Singapore arm. At the age of 12, his family moved to Vancouver, Canada, where he took on various odd jobs to keep his family afloat, including flipping burgers at McDonald’s. Former senior bourse executive Richard Teng has been officially selected to step in as the CEO of Binance Singapore. Zhao was born in China’s Jiangsu province. Binance.sg is winding down operations and closing by Feb 13. The company’s subsidiary, Binance Asia Services, had withdrawn its application to the Monetary Authority of Singapore (MAS) for a license to operate a regulated cryptocurrency exchange in the country. In December 2021, Binance announced that it would close its digital token exchange in Singapore. ![]() However, it has faced issues reconciling with the world’s regulators. Binance CEO Changpeng Zhao (CZ) took to Twitter Monday to explain the reason his company has decided to withdraw the. On the list, Zhao stands just behind Larry Ellison, co-founder of Oracle, whose net worth currently stands at US$109 billion.īinance generated at least US$20 billion in revenue last year, according to a Bloomberg report. CEO Explains Why Binance Singapore Is Shutting Down Crypto Exchange Operation. Zhao’s net worth rivals the wealth amassed by tech billionaires Elon Musk, Jeff Bezos, Bill Gates and Mark Zuckerberg. ![]()
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