Here we are sharing a piece of news with you that Changpeng Zhao, head of Binance, the world’s biggest cryptocurrency exchange, revealed on Wednesday that he has resigned from his post. Since the news came on the internet it has circulated on social networking sites. This news left many questions in people’s minds and now lots of people are super curious to know about the whole information about the news. Here we have more information about the news and will share it with you in this article, so let’s continue the article.
As per the report, this news arrived after Zhao pleaded guilty to violating US anti-money laundering laws. Zhao wrote on the X platforms, Today, I resigned from the CEO post of Binance Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do.” Zaho reported,” I made mistakes, and I must take accountability. This is the best for our community, for Binance, and myself. Binance is no longer a baby. It is time for me to let it walk and run. I know Binance is going to continue to develop and excel with the deep bench it has.” Scroll down to the next page for more information about the news.
Zhao announced that Binance’s Head of Regional Markets Richard Teng will return him as the CEO of Binance. ” I’m happy to declare that Richard Teng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today. Richard has been a highly competent leader and with over three decades of financial services and regulatory experience, he will guide the firm through its next period of growth. You are on the right page for more information about the news, so please read the complete article.
As far as we know, he wrote on the x platform ” Before entering Binance, Richard was CEO of the Finacial Services Regulatory Authority at Abu Dhabi Global Marke: Chief Regulatory Officer of the Singapore Exchange (SCX) and Director of Corporate Finance in Monetary Authority of Singapore. Zhao stated that he would be taking a break and said that he had not had a real phone break for the last 6 and a half years. Here we have shared all the information about the news if we get any information about the news as soon as possible. Stay connected with us for more updates.