According to the Binance blog article "Key Points from Binance CEO Richard Teng's Talk at Taipei Blockchain Week", Binance CEO Richard Teng shared his personal experience, the future development of cryptocurrencies, and the role of the Binance community in a fireside chat at Taipei Blockchain Week. Richard Teng emphasized that Binance will continue to focus on user needs while transforming into a compliance-oriented organization to ensure a strong and sustainable future. The three key points include:
1. Regulatory cooperation: Richard Teng pointed out that cooperation with policymakers, partners and users is essential to understanding and promoting the potential of cryptocurrencies. He emphasized that traditional media often associate cryptocurrencies with fraud and illegal funds, while encryption technology actually helps track the flow of funds and is more traceable than legal currency.
2. Institutional adoption: Richard Teng believes that clear regulation and the participation of institutional investors are key factors in promoting the mainstreaming of cryptocurrencies. He predicts that finance in the next 20 to 30 years will be built on blockchain and artificial intelligence technologies, and the participation of institutional investors will bring new funds, liquidity and users to the cryptocurrency market.
3. Binance Web3 Wallet: Richard Teng mentioned that Binance Web3 Wallet makes it easier for users to access Web3 through a simple interface, solving the key challenges of Web3 UI/UX. Binance will continue to innovate to meet the needs of the community, users and institutions, and looks forward to establishing partnerships with more partners.