According to Fortune, Binance's new CEO Richard Teng recently accepted an exclusive interview and elaborated on the challenges and future plans facing the company. Teng said in the interview that Binance, as a relatively young company with a six-year history, is undergoing a transformation from a technology startup to a traditional financial company. Richard Teng mentioned that one of his goals is to assist the crypto industry in promoting the adoption of globally consistent rules, similar to the long-standing rules in the banking industry. He emphasized that as a regulator, understanding the industry is the key to effective supervision, similar to the situation where bankers or bank regulators do not have bank accounts.
Regarding the future of Binance, Richard Teng said that the company will move to a more transparent corporate structure, including a board of directors, company address, and financial transparency. Although the company has been considered a borderless, low-law enterprise in the past, Richard Teng emphasized that the company is committed to transparency and said that it will share financial information. Richard Teng emphasized that Binance's ongoing reforms will be successful in the long run, allowing it to maintain its leading position in the growing crypto market. He is confident about the company's future and said that Binance will continue to adapt to the evolving role of the crypto industry and meet the trend of institutional capital influx.