Richard Teng, CEO of Binance, emphasized the importance of building relationships with law enforcement officials across the Asia-Pacific region to protect users and enhance industry legitimacy. He made this statement on X on February 27.
"Proud of the Binance team for bringing together law enforcement officials across APAC," said Teng. "These relationships are vital for user protection and industry legitimacy. Sincere thanks to all speakers & participants — this collaboration strengthens the entire ecosystem."
Binance's APAC Regional Law Enforcement Day was co-hosted by Binance and Gulf Binance in Bangkok, Thailand. The event brought together over 120 participants from various sectors with the aim of enhancing public-private partnerships to combat cybercrime and improve security within the cryptocurrency industry. According to Binance, discussions focused on collaborative strategies to address financial crimes and improve regulatory compliance across the Asia-Pacific region.
In February 2025, Teng met with Chief Superintendent Raymond Lam Cheuk Ho of the Hong Kong Police Force’s Cyber Security and Technology Crime Bureau. The meeting centered on enhancing public-private partnerships, intelligence sharing, and strengthening law enforcement capabilities against sophisticated cybercriminals. According to their website, Binance received a letter of appreciation and a plaque from the Hong Kong Police Force, acknowledging its commitment to combating cyber threats.
Teng became CEO of Binance in 2023 after serving as Head of Regional Markets. Before joining Binance, he was CEO of the Abu Dhabi Global Market and held significant positions at the Monetary Authority of Singapore.
Founded in 2017 by Changpeng Zhao, Binance has grown into the largest cryptocurrency exchange by trading volume. It holds regulatory approval in 21 global markets—more than any other crypto exchange. The company operates under multiple financial licenses from entities such as Brazil’s Central Bank, Dubai’s Virtual Assets Regulatory Authority, and France’s Financial Markets Authority. To bolster compliance efforts, Binance has invested in anti-money laundering (AML) and know-your-customer (KYC) initiatives. As per their website, they have integrated advanced transaction monitoring systems and collaborated with blockchain analytics firms to enhance security and regulatory adherence.