Richard Teng, CEO of Binance, expressed optimism regarding digital assets among regulators and policymakers during the Consensus Hong Kong 2025 conference. Teng shared his views in a February 18 post on X.
"Glad to be speaking in Consensus Hong Kong," said Teng. "8,000 participants and hundreds of side events! I have spoken to a number of Hong Kong policymakers and regulators over the course of past few days and I am encouraged with the fresh reset and new optimism in Hong Kong. Look forward to playing our part to support ecosystem growth."
According to Coinspeaker, Hong Kong's financial regulator, the Securities and Futures Commission (SFC), has introduced a plan to support growth in the crypto industry and establish the region as a hub for digital assets. The agency recently unveiled twelve steps aimed at enhancing security, attracting and protecting investors, and integrating blockchain technology into traditional finance. A significant change included in the plan is the introduction of licenses for over-the-counter crypto trading and custody services, which would allow large investors to privately buy and sell digital assets.
Consensus is hosted by CoinDesk and features speakers from the Web3 industry. According to the event's website, topics include artificial intelligence, decentralized finance (DeFi), Web3 startups, Bitcoin, crypto use cases, and financial inclusion.
Teng joined Binance in August 2021. According to Binance’s website, he previously served as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), chief regulatory officer of the Singapore Exchange (SGX), and director of corporate finance at the Monetary Authority of Singapore. He became CEO of Binance in November 2023.