Binance CEO Richard Teng Heads to South Korea as Regulatory Scrutiny Rises

Richard Teng, CEO of Binance, is anticipated to go to South Korea subsequent week, the place he’ll spotlight the significance of person safety and regulatory compliance. He’ll converse at exceptional occasions such because the World Information Discussion board and provides a keynote on Cyber ​​Summit Korea 2025, organized by the Nationwide Intelligence Service.

Teng’s agenda

Throughout the journey, Teng intends to satisfy supervisors, regulation enforcement officers and market leaders to debate cooperation within the subject of market transparency and person safety. His journey comes within the midst of renewed efforts of the South Korean authorities to formalize the crypto rules.

Stated Teng previous to his journey: “In a quickly evolving regulatory panorama are buyers safety and worldwide cooperation important. Solely then can the digital property business earn its place as a trusted a part of the monetary ecosystem.”

Final week, Binance acquired a certificates of appreciation from the Korean Nationwide Police Workplace for his assist in combating cyber and digital asset crimes. This can be a second reward, making Binance the one abroad alternate to earn this recognition twice.

The true story: Binance’s caught push into the Korean market

It’s fascinating that Binance has tried to enter the Korean market since 2023 by buying Gopax (an area cryptocurrency alternate), however regulators have delayed approvals. That’s the reason Teng’s go to is seen as a deliberate effort to rebuild goodwill and discover cooperation choices.

The technique of the regulatory push types of South Korea, the technique of Binance

Zuid -Korea shortly strikes on completely different fronts, resembling drawing up stablecoin guidelines, exploring international>