Binance CEO Says Trust is Cool Again – Compliance is Key! 😂

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Oh, look, it’s Binance – the big shot of crypto exchanges, coming to save the day. Richard Teng, their CEO, made sure to remind everyone, yet again, that they’re *totally* committed to rebuilding trust. You know, just in case we forgot. He posted this little gem on X, assuring us that compliance is, like, really important to them. 🧐

Compliance: Not Just a Box to Tick, People

Teng goes all “wise CEO” on us, saying, “Compliance isn’t just a checkbox for us – it’s the foundation of trust.” Oh, okay. So they’re not just following the rules because they *have* to, but because they *want* to be the shiny, trustworthy crypto exchange that we all secretly dream about. 🙄

Basically, they’re not just avoiding fines; they’re trying to get us to believe in them. If that works for you, great. 😬

Compliance isn’t just a checkbox for us—it’s the foundation of trust.

Our commitment to regulatory alignment is how we build a safer, more reliable digital economy for everyone. 🤝

— Richard Teng (@_RichardTeng) April 22, 2025

Richard here is also letting us know that Binance is working hard to follow the rules in every country where they’re playing the crypto game. Aren’t they just so responsible?

And hold onto your hats, folks – since Richard took over in 2023, Binance has bumped up their compliance budget by 35%! That’s right, an increase from $158 million to $213 million. Now *that’s* how you show you’re serious about being a “good crypto player” in a world full of regulators breathing down your neck after the whole FTX disaster. 😅

Richard Teng: The New Face of Crypto Responsibility

Now, Teng isn’t just the CEO of Binance. Oh no, he’s becoming the spokesperson for an entire industry, positioning Binance as the beacon of stability and trustworthiness in crypto. Talk about making crypto boring again! 📉

But wait – it’s not all just for the users and investors. Oh no, he’s also sending a message to the regulators out there. “We’re doing compliance, so please stop looking at us like we’re the wild west of finance,” he’s basically saying. 🙄

Some of Binance’s users are all for this, because hey, if trust is high enough, maybe more people will finally jump on the crypto bandwagon. But who are we kidding? Everyone’s still waiting for the next big Bitcoin crash. 😂

And just to make sure everyone’s still paying attention, Teng also made a cheeky bullish remark about Bitcoin recently. Because of course, that’s the kind of thing that really gets the crypto world buzzing. 🤑

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2025-04-22 15:54