Binance's New CEO Faces Regulatory Tests While Sustaining Company Growth

Richard Teng faces challenges as new Binance CEO, including detainment of compliance officer in Nigeria and potential $10B fine. Remains cagey on specifics.

Binance has added 20M users since Teng took over in November despite turbulence. March trading volume still 50% of industry.

Teng's style more measured than predecessor CZ. Aims to improve law compliance, but demurs on HQ, monitor appointment questions.

Key issues include monitor appointment mandated by DOJ/Treasury settlement, potential stablecoin legislation, and country-specific bans.

Despite scandals, Binance maintains dominance. Teng frames monitor as competitive advantage, not turn off, given strong recent user and volume growth.