Binance Holdings is in talks with a former senior Singapore bourse executive about taking the top job at its local business in the Asian financial hub, as the crypto exchange seeks to appease regulators around the globe, according to Straits Times which quoted Bloomberg.
Binance is in discussions about the chief executive role with Richard Teng, who stepped down as head of the Abu Dhabi Global Market in March after six years with the business centre, according to sources familiar with the matter.
The crypto exchange has also approached other executives about the position, one of the sources said, asking to not to be identified because the information is confidential. It is not clear if Mr Teng, who returned to Singapore from the United Arab Emirates in April, has accepted the job.
Binance has been facing pressure from regulators from Hong Kong to Thailand for various flaws in its business practices including know-your checks as well as operating without licenses.
Blockchain Asset Review has interviewed Teng when he was the CEO of Abu Dhabi Global Markets.