Teng believes Binance is “open and candid about things in the past,” pointing out the firm is still very young. Binance, which will soon celebrate its sixth birthday, started as a technology firm, Teng said, at a point in time when most jurisdictions had no regulations or proper guidance. Today, it has some 750 compliance officers, more than any other exchange, he added.
Source: https://www.coindesk.com/business/2023/06/05/binance-hands-rising-star-teng-key-role-to-replace-ceo-zhao-at-largest-crypto-exchange/?utm_medium=referral&utm_source=rss&utm_campaign=headlines