#0š 8š¾0š¼ā¢ | The BNB blockchain is currently celebrating its 4th anniversary and is hosting some very exciting events with various attractive prizes such as Meme Airdrop and USD $15K + USD $9K for the best content winner as funding for meme content projects. Some events on the X platform and Binance DexTool site with special themes and hashtags such as:
MemeOnBNB
BNBChainTurn4
BinanceSquareCreatorAwards
āļø Each campaign theme involves the BNB chain ecosystem such as four.meme and StarryNift as a marketplace and Regenerator for token Deployers for meme content creators through the BNB network.
Binance CEO Richard Teng Faces Challenges, No IPO Plans, and Stance on US Market
#VšÆTE @Crypto127 For TipsTradingFutures !!!
š The CEO position has been completely replaced by Rhicard Teng because CZ (was forced) to resign from his position to save Binance because of the accusations that ensnared CZ in a money laundering case and made CZ go to prison by paying a fine of $ 3.5 billion to 'them' for the accusations with CZ's unintentional actions because the regulatory rules on crypto previously did not exist and the rules in the form of regulations were just fabrications to trap him. In this case, the Binance case is almost similar to MMM in 2014 with the cliche reason but CZ is very clever and intelligent and gentle in dealing with the charges.
āØ A Glimpse of Richard Teng's Profile;
Ricard Teng is a former regulator for Singapore and the UAE, now the CEO of Binance, following the resignation of CZ due to a prison sentence. Unlike CZ, Teng has always emphasized a comprehensive approach with decentralized leadership, highlighting Binance's shift to a board-led structure with independent directors.
š Regulatory Challenges and Global Office: And Binance has yet to establish a Global Headquarters anywhere: Despite regulatory challenges, Binance has yet to decide on establishing its headquarters and Rhicard Teng stressed the importance of reconsidering the regulatory and tax implications before making a decision aimed at convincing regulators of Binanceās mission and vision.
š Complexity of Global Operations: Running Binance globally involves navigating multiple jurisdictions with multiple regulations. And to date Binance holds 19 licenses worldwide under the Binance banner, including recent approvals in countries such as Thailand, India, and Brazil. And Binanceās American employee Tigran Ambaryan was arrested and imprisoned in a Nigerian jail on similar charges to CZ, accused of money laundering. And Teng is taking legal action to advocate for his release and medical treatment for Tigran.
š Citing news sources from Binance: until now Binance has no plans to conduct a public fundraising (IPO) and Binance is focusing on developing its ecosystem in several Binance projects: This is unlike other crypto exchanges that have gone public.
Binance has no plans to IPO at this time. Dan Teng has confirmed that Binance's financial health and profitability have been stable since its inception in 2017 and that Binance does not need to raise funds (IPO) at this time.
šŗšø Stimulating US Trading Markets: While the US remains an important market, Binance has no immediate plans to return and is focusing on its global operations. Teng is interested in the development of the US crypto market and it does not affect Binance's business to return.
ā ļø DYOR ā¼ļø: This article is just a personal opinion based on knowledge, analysis and some literacy of trusted news sources to avoid misunderstandings.
