During a speech at Paris Blockchain Week, Binance CEO Richard Teng revealed that the company has successfully navigated cultural challenges following recent setbacks. This includes overcoming a $4.3 billion fine imposed by the U.S. Department of Justice.

Teng emphasized that Binance is now prioritizing sustainability and compliance, with a strong focus on building a robust compliance program to ensure the company’s long-term success. He also highlighted the importance of having a diverse board of directors to drive the company forward.

Since taking over as CEO in November 2023, Teng has been focused on implementing a more traditional corporate structure at Binance. This includes enhancing technology and products to create a solid and sustainable business model.

For more insights on the new direction of Binance under Richard Teng’s leadership, stay tuned for updates on Global Crypto News.

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