TechFlow reports, according to Fortune magazine, Binance's new CEO Richard Teng said in an interview that one of his main goals is to help the cryptocurrency industry push for the adoption of unified global regulations, similar to those long enjoyed by the banking sector. This would include resolving debates over whether various types of digital assets should be classified as commodities, securities, or other categories reflecting the unique blockchain technologies underpinning them.
Teng said he will adopt a traditional corporate structure, including a board of directors, registered address, and financial transparency. When asked when Binance would disclose its board composition and publish financial statements like its competitor Coinbase has done for years, Teng declined to provide specific details but said he has a "solid timeline."
