Binance's AMA in Chinese will be held tonight at 8 o'clock, attended by the new CEO Richard Teng and co-founder He Yi. For more detailed information, please see the following text.
🚀 Binance - the world's largest cryptocurrency exchange
💥 Exclusive Offer 💥 💰 Register now and enjoy 20% fee rebate#
🔑 Exclusive invitation code: R851UX3N
Richard Teng: Reconciliation is positive, compliance is the trend#
Richard Teng started by saying that he usually communicates in English, but he is still very happy to be able to communicate with the crypto community.
He mentioned that he was fortunate to be appointed as CEO with the support of CZ and senior management at Binance. When asked about the impact of the hefty fine on Binance, his response was similar to previous interviews, emphasizing that the funds are abundant.
Binance has no plans for listing#
Richard Teng stated that Binance has abundant funds and no plans for listing. The focus will be on serving users and product innovation.
He Yi holds BNB#
Both He Yi and Richard Teng expressed their belief in the four-year cycle of the crypto bull market. He Yi mentioned that he has not touched the BNB he holds, while Richard Teng emphasized that the current institutional layout is more comprehensive than before, and he is very optimistic about the crypto market in the coming years.
DOJ monitors are not "taking over Binance"#
In response to a question, it was pointed out that the monitors appointed by the government in the settlement agreement are not government officials working as Binance employees and "taking over Binance", but rather independent lawyers from third parties conducting judge-related reviews.
He Yi: CZ is just stepping down, not going to hell, he is still with us#
In her reply and supplement, He Yi mentioned the following content.
Richard is more suitable for the role of CEO#
He Yi believes that Richard is more suitable for the role of CEO, such as communicating with regulators and applying for licenses.
Binance still has room for improvement in all aspects#
Binance has not made much progress in areas such as BRC20, considering the limited popularity in fields like NFT.
Why is the SEC not included in this settlement agreement?#
He Yi corrected the question slightly, pointing out that many people think that the SEC is the largest regulatory agency in the United States, but in reality, both the SEC and the CFTC can only file civil lawsuits, while the Department of Justice can escalate to criminal lawsuits. Compared to the SEC, the Department of Justice is the largest regulatory agency, and Binance has reached a settlement with them.
She also mentioned that they have not been able to reach a consensus with the SEC and will continue with the previous litigation process.
Binance Web3 Wallet#
The current Binance Web3 Wallet may not be convenient enough for users to participate in airdrops and play with inscriptions. It will be optimized in future iterations on the on-chain wallet.
Bullish on the market in the next two years#
Richard and He Yi stated that due to clearer regulations in many countries around the world, coupled with the bull and bear cycle, they are very optimistic about the upcoming bull market in the next two years.
The above is the detailed content of Binance Richard Teng, He Yi AMA Highlights: Bullish on the market in the next two years, He Yi holds BNB. For more information about Richard Teng: Reconciliation is positive, compliance is the trend, please follow other related articles on Binance's website!
Read more tags: Binance Cryptocurrency Blockchain, Bitcoin
Related Readings#
-
The easiest registration and usage tutorial for Binance in 2024 (for mainland China)
-
US Senator Takes Action! Calls on the Department of Justice to Investigate Binance and Tether!
Author: Turner Wright, Cointelegraph; Translation: Song Xue, Biyijia. Cynthia Lummis, the US Senator representing Wyoming and a supporter of cryptocurrencies, has called on the Department of Justice to consider bringing charges against the cryptocurrency exchange Binance following the conflict in Haiti. In a letter written to US Attorney General Merrick Garland on October 26, Lummis and Representative French Hill of Arkansas stated:...